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$A set to soar if RBA holds fire on rates

Cecile Lefort

The Australian dollar could soar on Tuesday should the Reserve Bank of Australia hold fire in cutting interest rates, wrong-footing the market that has a lot of money riding on some rate relief.

The Australian dollar is already trading at a two-month high of US63.72¢ thanks to soft US economic data raising hopes of further interest rate cuts by the Federal Reserve.

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Cecile Lefort is a markets reporter based in the Sydney newsroom. Email Cecile at cecile.lefort@afr.com

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    Original URL: https://www.afr.com/markets/currencies/aussie-dollar-set-to-soar-if-rba-holds-fire-on-rates-20250217-p5lcse