Aussie rises after RBA meeting minutes

Australian dollar rose against greenback today after the release of the of the Reserve Bank of Australia (RBA) meeting minutes, despite the minutes showing signs of Australian dollar weakness.

The bank's discussions during August 7th, that the Australian dollar weakness is supporting exports and tourism, and stressed that the bank will ease its monetary policy when needed.

The minutes also indicated that there will be an extended period of monetary policy easing that may have interest rates cuts.

Which came amid negative signals from global economies led by the US economy, during which the US Bonds yield curve inverted, and market's interpreted it as a sign on a near possible recession.

The US-China trade war also continued impact global central banks' policies, including the RBA, which are heading for further rates cuts to counter recession.

By 16:52 GMT, AUD/USD rose by 0.2% to 0.678, with a high of 0.6796 and a low of 0.6754.