The Australian dollar fell to a multi-day low against the euro in the early Asian session on Tuesday, as the minutes of the Reserve Bank of Australia's latest monetary policy meeting showed that members of the board felt that the central bank could still provide additional monetary easing because inflation remains in check.
The easing might become necessary down the road, the bank said, since domestic growth has remained slightly below trend through the last four quarters, minutes from the bank's June 4 meeting showed.
Global economic activity has been in line with forecasts.
At the meeting, the RBA left its cash rate on hold at 2.75 percent.
The aussie declined to a 5-day low of 1.4034 against the euro and a fall below 1.424 zone will set its lowest level since August 2011. At Monday's close, the euro-aussie pair traded at 1.3980.
The aussie eased from an early Asian session's high against the greenback amid the release, with the AUD/USD pair shedding 0.6 percent to 0.9516 from 0.9573. The aussie may challenge support surrounding 0.945 level.
The aussie declined to 0.9699 against the loonie, down 0.5 percent from a high of 0.9748 hit at 8:25 pm ET. If the aussie extends its downtrend, it has support around 0.96 area. The currency cross finished yesterday's deals at 0.9722.
The Australian unit retraced from its early high of 90.72 against the yen with pair trading around Monday's close of 90.12. On the downside, the next support for the aussie lies around 89.00 level.
The aussie dropped to 1.1915 against the NZ dollar shortly after the release of RBA minutes, easing from an early high of 1.1955. The next immediate support for the aussie is seen around 1.185 level. The pair finished yesterday's deals at 1.1941.
At 12:30 am ET, Japan's final industrial production for April is due.
In the European session, U.K. CPI and PPI for May, DCLG house prices for April and German ZEW economic sentiment index for June are slated for release.
The U.S. CPI, building permits, housing starts - all for May are likely to influence trading in the New York session.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.