The Australian Dollar held steady against the US Dollar on Tuesday after the Reserve Bank of Australia (RBA), Australia’s central bank, published minutes from its February meeting on February 18, 2025. Policymakers agreed to leave the cash rate unchanged and said they needed more evidence that inflation was easing sustainably. The minutes offered no signal of imminent rate cuts or hikes, reinforcing expectations of a prolonged pause and a data-dependent policy approach. AUD/USD traded in a narrow range around 0.6350 despite a firmer US Dollar. Traders are also assessing upcoming US inflation and retail-sales data, firm iron ore and coal prices, China’s property sector and trade relations. The RBA’s next decisions will depend heavily on Australian employment and quarterly inflation data, while the Federal Reserve’s policy path and China’s stimulus measures may influence the currency. Economists from major banks described the minutes as consistent with a prolonged pause. One currency strategist said, "The RBA is comfortable with the current settings, but they are not complacent. They want to see more data before making any moves, and that gives the market a sense of stability."