RBA keeps cash rate at 2% in more upbeat statement; Australian dollar gains

RBA keeps cash rate at 2% in more upbeat statement; Australian dollar gains
Edwin Mitson
By Edwin Mitson April 5 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate at a record low of 2% following a meeting in Hobart with Governor Glenn Stevens saying the economy is rebalancing following the end of the mining investment boom.  In a statement published following the decision, Stevens offered a more upbeat assessment of the economy across the Tasman when compared to previous months. In March, he warned that commodity prices have declined very substantially over the past couple of years and the decline in Australia...