February 19, 2025 – Written by David Woodsmith
STORY LINK Hawkish RBA Rate Cut Underpins the Australian Dollar, GBP/AUD Holds Steady
The Reserve Bank of Australia (RBA) cur interest rates by 25 basis points to 4.1-% at the latest policy meeting, in line with consensus forecasts, and the first cut for over four years.
The Australian dollar to US dollar (AUD/USD) exchange rate secured a slight net gain to around 0.6355, with the Pound to Australian dollar (GBP/AUD) exchange rate holding steady at around 1.9835.
MUFG…
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