"Any such indication could well mean that the US dollar softens further, this time providing support for the likes of the Australian dollar and for where there are some compelling technical reasons to believe it is susceptible to a fresh squeeze higher ...

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

MARKETS SPECTATOR: Betting on a Bernanke boost. If, as expected, Ben Bernanke signals no end to quantitative easing this week the Australian dollar might add to its 3.1 per cent rise seen over the past seven days.

The Australian dollar recovered from early weakness to end Wednesday little changed as traders marked time ahead of a key monetary policy decision in the US.

The dollar was buying 103.22 US cents at the beginning of May ahead of the Reserve Bank of Australia's decision to cut official interest rates to an historic low of 2.75 per cent.

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 ...

The Australian dollar bounced sharply Friday, in line with a rise in sentiment across global markets, but most major banks said the currency will resume its recent sharp fall because of a weak domestic economy.

The Australian dollar sank to 92.63 US cents, falling below 93 US cents for the first time since September 2010, following Fed chairman Ben Bernanke's comments on the future of the central bank's $US85 billion-a-month bond-buying program.

Australia: RBA Board members noted that the dollar had fallen broadly, reflecting further declines in commodity prices, market concerns about the outlook for China as well as the rate cut in May.