AUD Firm Amid RBA Rate Hike Signals and USD Weakness

The Australian Dollar (AUD) traded near 0.7150 on Tuesday after mild losses in Asian dealings, as markets digested the Reserve Bank of Australia's (RBA) latest Minutes.

The RBA policymakers signaled they remain ready to raise rates if inflation risks from oil, broad cost pass-through, and data centers intensify.

The US Dollar stayed under pressure amid plans to expand Treasury bond buybacks and escalating secondary sanctions related to Iran.