The Australian dollar remained lower following a three-day loss against the greenback before the Federal Reserve concludes a policy meeting today.

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HiFX currency strategist Alex Hill said this was boosting the greenback, and weakening the Australian dollar. �If, all of a sudden, they're going to be reducing supply by not printing as much money ... you're taking more dollars, effectively, out of ...

The Australian dollar lost a quarter of a cent following the release of the minutes, falling to about 95.17 US cents just after 11.30am.

At 0400 AEST Wednesday morning, the local currency was trading at 94.98 US cents, up slightly from 94.92 US cents at 1700 AEST Tuesday.

The Australian dollar was lower Tuesday after the central bank left the door open for more interest rate cuts and forecast the currency might fall further as commodity prices slide.

Local currency drops after bank details why it cut cash rate to record low of 2.75% in May. You must be logged in to read this article.

The Australian dollar has fallen more than one US cent since Monday as it looks likely the central bank will cut the cash rate some time in the second half of the year.

The Australian dollar, a risk appetite currency, usually moves higher if share markets rebound. But it started the local session in weaker territory, after the Dow Jones Industrial Average gained 0.73 per cent and the broad-based S&P 500 added 0.76 per ...