Australian interest rates won't be cut in the "near term", warns the Governor of the Reserve Bank of Australia (RBA), confirming interest rates will remain a bedrock of Australian Dollar strength.
The Australian Dollar was the second-worst performing G10 currency after U.S. president-elect Donald Trump said he was ready to hike tariffs from day one.
The Pound to Australian Dollar exchange rate (GBP/AUD) risks breaking into a downtrend.
The Australian Dollar is amongst the top picks at Morgan Stanley for 2025.