Australian dollar lower ahead of RBA minutes

THE Australian dollar is slightly lower in cautious trade ahead of the release of the minutes of the Reserve Bank's May board meeting.

THE Australian dollar is slightly lower in cautious trade ahead of the release of the minutes of the Reserve Bank's May board meeting.

At 0630 AEST on Tuesday, the local dollar was trading at 93.28 US cents, down from 93.50 cents on Monday.

The cash rate was left unchanged for the ninth month in a row at the May board meeting, but investors will be looking through the minutes for any indications of the timing of the bank's next move.

Originally published as Australian dollar lower ahead of RBA minutes