The Australian dollar fell on Tuesday in Asia after the release of the minutes of the Reserve Bank of Australia (RBA)’s April meeting.
The AUD/USD pair last traded at 0.7148 by 12:05 AM ET (04:05 GMT), down 0.3%.
The RBA expects inflation to remain muted for some time, but suggested that it remains open to rates cut if inflation remains low and the jobless rate ticks higher.
The central bank then noted that the slowdown in GDP growth contradicts the improvement in the labour market.
Meanwhile, the U.S. Dollar Index was unchanged at 96.570.
The EUR/USD pair slipped 0.1% to 1.1302 as traders await further news on Brexit.
The U.K. had originally been due to leave the EU on March 29, but the deadline has since been extended multiple times.