Another typical Asian session as most of the majors were mired in tight ranges with the Kiwi being the lone exception. The larger than expected record monthly deficit had this unit on the defensive for much of the session. The RBA released their biannual financial stability review today and stressed that banks should maintain their loan standards as the drastic cut in rates had given rise to risk appetite, especially in the property markets. According to their data, Australia’s household debt-to-income ratio stands at 147.3 percent, compared with a record 153 percent in 2007. That’s higher than the 133 percent that was accumulated by Americans at the peak of the US subprime mortgage boom.