The Australian dollar fell Tuesday following last week’s losses after the People’s Bank of China devalued the yuan.
The Aussie closed at 66.54 euro cents from Monday’s 66.47 euro cents, and 73.71 US cents from 73.77 US cents.
Commodity currencies were the G10 losers last week as the Chinese central bank’s “policy change that drove a sharp devaluation of Chinese yuan,” said Greg Moore, Senior Currency Strategist at RBC Capital Markets.
Traders will await the release of the Reserve Bank of Australia’s minutes of its August board meeting.
The material has been provided by InstaForex Company – www.instaforex.com