Switzerland: 1Q SECO Consumer Climate (3m) rises to -5 vs -6 in 4Q

Following the unprecedented move by the RBA to cut by another 0.25 bp to now set the official benchmark interest rate at 2.75%, the lowest since records began in June 1959, the AUD/NZD is succumbing below the psychological 1.20 number, reaching a fresh 3 ½ year low at 1.1948.