February 18, 2025 03:38 GMT
RBA: 25bps Cut As Expected, But Cautious Statement
RBA
The AUD/USD rate is higher as the market digests the RBA statement. AUD/USD is around 0.6360/65 in latest dealings, after being sub 0.6340 prior to the announcement. In the rates space, the OIS curve is flat to 3bps firmer now. For bond futures, ym and xm are -2.
- The statement hints at caution around further cuts, which is driving the market reaction, more details to follow.
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