AUD/USD declines as Chinese stimulus concerns weigh on market sentiment.
Risk-perceived currencies are also under pressure due to rising Oil prices and the Israel conflict.
RBA Meeting Minutes gave some dovish insights on the RBA’s stance.
The AUD/USD declined by 0.60% to 0.6725 in Tuesday's session, influenced by China's uncertain economic outlook. A leading Chinese official failed to go into detail about the size or parameters of the government’s upcoming stimulus measures, which worried investors and sent the Chinese stock market reeling.
Despite the uncertainties surrounding the Australian economy, the Reserve Bank of Australia (RBA) signaled a dovish tone in the release of its latest minutes, which fueled bets of an initial cut in December.
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