AUD/USD: Australian Monetary Policy Meeting Minutes

The Australian Dollar depreciated against the US Dollar, following the Australian Monetary Policy Meeting Minutes data release on Tuesday at 01:30 GMT. The AUD/USD exchange currency rate lost 11 pips or 0.16% right after the release. The Aussie continued trading at the 0.6844 level against the Greenback.

Reserve Bank of Australia released the Australian Monetary Policy Meeting Minutes data, where the Australian policymakers provided in-depth insights into the economic and financial conditions that influenced their vote on where to set interest s rates.

According to the official release: "GDP growth outcomes for the March quarter in some economies had been slightly stronger than the second half of 2018, while labour markets had remained tight. However, global trade and conditions in the global manufacturing sector had remained weak. New export orders had been little changed at subdued levels and growth in industrial production had slowed in many economies, including those economies in east Asia that are closely integrated with global supply chains."