AUD/USD DIPS BELOW 0.6600 FOLLOWING RBA’S DECISION

• AUD/USD drops 0.42% after RBA holds cash rate at 4.35%, adopting a dovish tone in its statement.
• Markets react quickly, adjusting to RBA's shift from a neutral to a slightly dovish stance due to slow cooling inflation.
• US Dollar gains strength after Minneapolis Fed President Kashkari suggests possible rate hikes if inflation persists.

The Australian Dollar registered losses of around 0.42% against the US Dollar on Tuesday, following the Reserve Bank of Australia’s (RBA) monetary policy decision to keep rates unchanged. However, it was perceived as a dovish decision. Therefore, the AUD/USD finished the session near the day's lows, and as Wednesday's Asian session began, it traded at 0.6591, down 0.09%.