The RBA meets in Darwin today and is expected to cut interest rates. NAB’s Ray Attrill says, if not today, then certainly at the August meeting. Meanwhile, the positive response to the trade war ceasefire has been short lived. The Aussie dollar, who you’d expect to be one of the main beneficiaries, is actually one of the biggest losers today. Ray also talks to Phil Dobbie about a selection of PMIs, all pointing to continuing softness in the global economy.