Australian Dollar Trades Higher After RBA Minutes

The Australian dollar traded higher against its most-traded rivals during the Tuesday’s session after the release of the policy meeting minutes by the Reserve Bank of Australia.

The RBA released minutes of its December 6 meeting today. The central bank was rather upbeat about the global economy but far less optimistic about domestic economic growth. While the RBA lefts its policy unchanged this month, analysts thought that the relatively dovish tone of the minutes suggested that the central bank may consider lowering interest rates further in the future.

AUD/USD rose from 0.7243 to 0.7250 as of 17:49 GMT today after reaching 0.7222 intraday — the lowest level since June 3. EUR/AUD dropped from 1.4354 to 1.4330.

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