AUD/USD Falls Below 0.6700

AUD/USD was almost unchanged at 0.6668, with AUD/USD down 0.03%.

Fed officials Bostic, Waller and Barr emphasized the focus on achieving the 2% inflation target, delaying any hints of rate cuts.

The minutes of the RBA meeting showed hawkish considerations. Even though ANZ economists predicted that three interest rate cuts would be introduced, this would be a mild easing cycle.

AUD/USD fell 0.03% as Fed officials were reluctant to hint at when they might start cutting interest rates. As a result, U.S. Treasury yields fell while the U.S. dollar remained elevated, flat near 104.62. AUD/USD was trading at 0.6668, after Asian markets opened little changed on Wednesday.

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