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Dollar firms, Aussie steady after RBA's 'hawkish' rate cut - REUTERS

FEBRUARY 18, 2025

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Summary

  • Aussie holds ground after RBA cuts rates as expected
  • Dollar rises but near two-month lows amid tariff worries
  • Euro, sterling edge down as focus on Ukraine peace talks
  • Yen on back foot after recent rise on BOJ hike wagers

SINGAPORE/GDANSK, Feb 18 (Reuters) - The dollar firmed on Tuesday as traders weighed tariff worries, geopolitical uncertainties and the path to U.S. rate cuts, while the Australian dollar held near two-month highs after the Reserve Bank of Australia cut rates but cautioned on further easing.

Traders eyed talks on Tuesday aimed at ending the Ukraine war, as U.S. and Russian officials met in Saudi Arabia's capital Riyadh.
Ukraine, which is not attending the talks, says no peace deal can be made on its behalf.

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