Australian dollar dips after RBA minutes

The Aussie dollar has fallen slightly after the RBA again failed to provide any indication of future interest rate moves.

The Australian dollar has dipped slightly after the Reserve Bank again failed to provide any indication of future interest rate moves.

At 12.10pm (AEST), the local unit was trading at US76.55 US cents, down from US76.69 cents yesterday.

OANDA Australia and Asia Pacific senior currency trader Stephen Innes said while the minutes from the RBA board’s August interest rate meeting didn’t sound any major alarm bells, it did not provide any outlook for interest rates.

“So the market is left to its own interpretation,” Mr Innes said in a note. “It (the RBA minutes release) was anticipated to be a non-event and from the RBA, it appears pretty much business as usual.”

AAP