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