Aussie dollar to fly as RBA goes it alone on rates

The world’s biggest central banks are expected to hold fire on raising interest rates when the boards gather this week, which strategists say leaves the Reserve Bank of Australia an outlier that will generate fresh momentum for the Australian dollar.

The US Federal Reserve, the Bank of England, the Bank of Canada and the European Central Bank are all expected to leave monetary policy on hold even as an oil supply crunch from the Iran war raises the spectre of much higher inflation.

Source: https://www.afr.com/markets/currencies/aussie-dollar-to-fly-as-rba-goes-it-alone-on-rates-20260428-p5zrku