Aussie goes down further after April minutes demonstrate caution

Aussie goes down further after April minutes demonstrate caution

On Tuesday, the Australian dollar dipped further in Asia, as the major bank issued minutes for the April gathering, which suggested caution on rate views and financial markets looked ahead to comments by American Vice President Mike Pence in Tokyo on ongoing tension on the Korean peninsula.

The currency pair AUD/USD reached 0.7563, sliding 0.37%, USD/JPY leapt 0.15%, trading at 109.06.

Meanwhile, the Reserve Bank of Australia published minutes from its April review at which the country’s major bank held steady at a record minimum of 1.5% for the cash rate. Additionally, China posted in May house prices added 11.3%, a drop down from 11.8% last month.

The US dollar index, normally estimating the greenback’s value against a trade-weighted basket of six crucial currencies, inched up 0.05%, trading at 100.25.

On Tuesday, Pence is supposed to talk about Korean tensions with Japanese Prime Minister Shinzo Abe when he comes to Tokyo for economic negotiations with Finance Minister Taro Aso. Additionally, he’s going to visit Sydney and Jakarta later in the week.

 

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