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AUD/USD holds positive ground near 0.6715 after the release of RBA meeting minutes.
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RBA members will examine further data to evaluate risk balance and how to balance it in policymaking.
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The US Building Permits and Housing Starts for November will be due later on Tuesday.
The AUD/USD pair attracted some buyers in the early Asian session on Tuesday. The pair is currently trading near 0.6715, up 0.16% for the day. The Reserve Bank of Australia (RBA) released the minutes of its December monetary policy meeting on Tuesday, suggesting the central bank saw encouraging signs of progress on inflation and should continue to do so.
RBA members agreed that the case for keeping the cash rate target unchanged at this meeting was stronger. Furthermore, the central bank will monitor incoming data to change the economic outlook and cumulative assessment of risks when setting policy. RBA members agree that inflation expectations are consistent with the inflation target.
Moving forward, traders will focus on US housing data including building permits and housing starts on Tuesday. On Wednesday, the Australian Westpac Leading Index for November will be released.
AUD/USD
