AUD/USD drifts higher above 0.6710 following RBA meeting minutes

AUD/USD holds positive ground near 0.6715 after the release of RBA meeting minutes.
RBA members will examine further data to evaluate risk balance and how to balance it in policymaking.
The US Building Permits and Housing Starts for November will be due later on Tuesday.

Lallalit Srijandorn FXStreet

The AUD/USD pair attracts some buyers during the early Asian session on Tuesday. The pair currently trades near 0.6715, up 0.16% for the day. The Reserve Bank of Australia (RBA) released the Minutes of its December monetary policy meeting on Tuesday, suggesting that the central bank saw encouraging signs of progress on inflation and this needed to continue.

The RBA members agreed that the case to leave the cash rate target unchanged at this meeting was the stronger one. Furthermore, the central bank will monitor the incoming data to alter the economic outlook and the evolving assessment of risks when setting policy. The RBA members agreed that inflation expectations remained consistent with the inflation target.

Moving on, traders will focus on the US housing data, including Building Permits and Housing Starts on Tuesday. On Wednesday, the Australian Westpac Leading Index for November will be released.

AUD/USD

Overview
Today last price	0.6714
Today Daily Change	0.0010
Today Daily Change %	0.15
Today daily open	0.6704

Trends
Daily SMA20	0.661
Daily SMA50	0.6481
Daily SMA100	0.6461
Daily SMA200	0.6577

Levels
Previous Daily High	0.6735
Previous Daily Low	0.669
Previous Weekly High	0.6729
Previous Weekly Low	0.654
Previous Monthly High	0.6677
Previous Monthly Low	0.6318
Daily Fibonacci 38.2%	0.6718
Daily Fibonacci 61.8%	0.6708
Daily Pivot Point S1	0.6684
Daily Pivot Point S2	0.6665
Daily Pivot Point S3	0.6639
Daily Pivot Point R1	0.6729
Daily Pivot Point R2	0.6755
Daily Pivot Point R3	0.6775

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

GBP/USD extends the drop to 1.3360

GBP/USD builds on Monday’s decline and briefly clinches five-day lows near 1.3360 on Tuesday. Cable’s extra pullback follows the better tone in the Greenback as uncertainty in the Middle East prompts investors to adopt a cautious stance. Meanwhile, an apathetic UK labour market report also collaborates with the selling pressure on the British Pound.

EUR/USD stays offered just above 1.1400

EUR/USD keeps the downtrend well in place for yet another day, challenging the 1.1400 contention zone on Tuesday. The continuation of the selling impulse in spot comes amid decent gains in the US Dollar, which continues to find support in the persistent effervescence surrounding the US-Iran crisis.

Middle East crisis intensifies, Gold up

Gold now seems to have embarked on a consolidative phase below the key $4,100 mark per troy ounce in the latter part of Tuesday’s session. Meanwhile, uncertainty surrounding the Middle East conflict and rising expectations for a hawkish Fed policy outlook are expected to limit the precious metal’s bullish momentum in the near term.

XRP rebounds on rising on-chain activity

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

The Iranian war has again risen

The Iranian war has again risen to the top of the economics factor list. There is no end in sight. Intelligence experts say the current level of offense/retaliation will not change minds in Tehran, while in Washington, Trump fears all-out war, which would mean boots on the ground.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.