Aussie Ghains Slightly After Minutes, BoJ Policy Ahead

The Aussie gained slightly on Tuesday after central bank minutes and investors looked ahead to the Bank of Japan for its final words for 2016 on monetary policy in which it is expected to hold pat.

AUD/USD gained 0.03% to 0.7249, while USD/JPY changed hands at 117.15, up 0.03%.

The Reserve Bank of Australia on Tuesday in the minutes of its latest board meeting said it is ready to lower the cash rate again, if needed, by assessing the benefits of lower interest rates with potential risks to household balance sheets.

The U.S. dollar index, which measures the greenback against a basket of currencies, fell 0.07% to 103.00.
Overnight, the dollar retreated from 14-year highs hit last week, while U.S. Treasury yields were lower but the dollar remains underpinned by bets of more U.S. rate hikes.

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