2146 GMT - CBA economist Joe Capurso says there's a good chance the AUD/USD rallies above 0.6400 this week if Australia's central bank stuns with a decision to leave the official cash rate on hold. Money markets have priced in an 85% probability of a cut given recent evidence that inflation cooled at the end of 2024. Still, the job market is strong and consumer demand is picking up, reasons the RBA might wait longer before cutting for the first time. The pair currently trades at 0.6347. (james.glynn@wsj.com)
(END) Dow Jones Newswires
February 16, 2025 16:46 ET (21:46 GMT)
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