THE RBA HAS LEFT INTEREST RATES ON HOLD AT TWO AND A HALF PER CENT FOR THE SECOND MONTH IN A ROW. IN A STATEMENT, GOVERNOR GLENN STEVENS MADE NO MENTION OF FURTHER SCOPE TO LOWER RATES. WHILE SOME ECONOMISTS ARE NOW SAYING ANOTHER RATE CUT WONT BE UNTIL NEXT YEAR... JP MORGAN STILL EXPECTS A CUT NEXT MONTH.

THE WHITE HOUSE HAS ORDERED FEDERAL AGENCIES TO BEGIN CLOSING DOWN GOVERNMENT OPERATIONS FOR THE FIRST TIME IN 17 YEARS. THE SHUTDOWN STARTED AFTER REPUBLICANS AND DEMOCRATS IN CONGRESS FAILED TO AGREE ON A NEW BUDGET. THE BILL TO CONTINUE FUNDING THE FEDERAL GOVERNMENT WAS DEADLOCKED AFTER REPUBLICANS INSISTED IT INCLUDE A DELAY TO PRESIDENT OBAMA'S HEALTH CARE REFORMS.

THE MARKET HAS CLOSED DOWN AS INVESTORS DIGESTED THE RBA DECISION, THE US SHUTDOWN AS WELL AS LOCAL RETAIL, MANUFACTUIRNG AND HOUSING DATA

SO ALL CONSIDERED THE MARKET HASN'T DONE TOO BADLY. AFTER RISING AS MUCH AS A FIFTH OF A PER CENT DURING TRADE... THE ASX 200 FINISHED DOWN AS MUCH... NUMBERS STILL SETTLING... TAKING A LOOK ACROSS THE REGION... MARKETS MOSTLY HIGHER.

TAKING A LOOK AT THE DOLLAR ... IT SPIKED FOLLOWING THE RESERVE BANKS DECISION AND THE FAILURE OF THE US GOVT TO REACH A BUDGET DEAL ... ITS NOW BUYING CLOSE TO 94 US CENTS.

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