• AUD/USD falls further below 0.6750 amid weakness in the Australian Dollar.
• The RBA minutes didn’t offer any significant cues about the likely interest rate action for the remaining year.
• The outlook of the US Dollar will be influenced by the US CPI data for September.

The AUD/USD pair extends its losing streak for the fourth trading day on Tuesday. The Aussie asset declines to near 0.6720 as the Australian Dollar (AUD) weakens after the release of the Reserve Bank of Australia (RBA) minutes, which didn’t offer any significant cue about the likely interest rate action in the November meeting.

The RBA minutes showed that policymakers discussed scenarios for hiking interest rates or pivoting to policy normalization. However, the board remained vigilant to upside risks to inflation. Currently, financial markets expect the RBA to leave its Official Cash Rate (OCR) unchanged at 4.35% by the year-end.

Meanwhile, an absence of details about the likely size of Beijing's recently unveiled stimulus package has also dampened the Australian Dollar’s appeal, being a proxy to China’s economic growth.

In the North American region, the US Dollar (USD) has turned sideways after revisiting a seven-week high as investors await fresh cues about the Federal Reserve’s (Fed) possible monetary policy action in the remainder of the year. According to the CME FedWatch tool, the Fed is expected to cut interest rates further by 25 basis points (bps) in each of its remaining two policy meetings this year.