The Australian-Swiss currency retreated from a one-week high hit on Tuesday after the RBA warned that further monetary policy tightening could not be ruled out as inflation remained high。

RBA leaves cash rate at 4 at its February meeting.35% level, which is basically in line with expectations。

Tuesday's decision came after the RBA raised interest rates by a total of 425 basis points over the past two years to curb soaring inflation.。

However, with the prospect of an early rate cut by Riksbank, Sweden's central bank, this could be limited for the currency pair's decline.。

Riksbank leaves its key policy rate at 4 at its February meeting.0% level, in line with market expectations, and indicated that the rate cut could be earlier than previously expected, possibly even in the first half of 2024。

Capital Economics said it expects to cut rates by 100 basis points to 3 by the end of the year..0% and further reduced to 2 by the end of 2025.5%。

As of 10: 03 GMT on Wednesday, the Australian and Swiss exchange rates were down 0.11%, reported 6.8425。At one point yesterday, the foreign exchange pair rose to 6.8992。The latter is the pair's highest level since Jan. 30 (6.9076)。