The Japanese yen remained mostly unchanged from the U.S. dollar on Tuesday in Asia despite news that the U.S. attained a first trade accord with Japan over tariffs.
It's uncertain if the U.S. will keep tariffs on Japanese automobile imports as part of their arrangement.
The AUD/USD pair dropped 0.3percent to 0.6842.
Minutes of this Reserve Bank of Australia's Sept 3 assembly revealed the central bank would believe more rate reductions to be able to encourage growth and also to reach its 2-3% inflation target.
"Participants would evaluate developments in both international and national markets, including labor market states, and might facilitate monetary policy further if desired to support sustainable growth in the market and the success of the inflation target over time," the minutes demonstrated, adding the RBA anticipates the low-interest pace environment to keep an elongated time period.
Meanwhile, the U.S. dollar indicator that monitors the greenback from a basket of different currencies was little changed at 98.160. The central bank is expected to reduce rates by a quarter of a percentage point to encourage economic growth.
"Markets are prices at just two additional rate reductions by next year, but the Fed is not likely to make such a prediction so that we could see the additional gain from the dollar," said Yukio Ishizuki, senior strategist at Daiwa Securities.
Traders are also anticipating more news about the Sino-U.S. trade front. Tensions between the two sides slipped somewhat after reports which they might attain an interim pact, even though U.S. President Donald Trump said he chose that a comprehensive trade deal with China.