The release of minutes of the Reserve Bank of Australia from earlier this month prompted the nation's monetary unit to mark a second-straight trading session of losses on Tuesday, Bloomberg reports.
Tuesday's losses come one day after the currency endured its biggest losses thus far in August. The minutes indicated that monetary policy will largely be responsive to how the currency performs. Tuesday losses against the greenback checked in at 0.76 percent after the monetary unit fell 0.83 percent on Monday.
"Aussie has failed to hold above that 92 U.S. cent level, so it's pared back some of its recent gains," foreign-exchange strategist Emma Lawson with National Australia Bank Ltd. in Sydney told Bloomberg on Tuesday. "We've had quite a run-up in the Aussie."
But, despite this week's poor performance thus far, the Australian dollar has marked advances of at least 2 percent since touching its three-year low against the world's reserve currency on August 5.
The early August policy meeting included members availing the opportunity for additional easing, according to Reuters. They also cut interest rates during the policy meeting.
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