Aussie remains under pressure after RBA's minutes

Australian dollar fell on Tuesday amid continued pressures after the release of the Reserve Bank of Australia's last meeting minutes, which reiterated the bank's intention to carry on its growth-supporting policies in 2018. 

AUD/USD dipped to 0.7709 from the opening of 0.7714, with a session-high at 0.7717, and a low at 0.7698. 

Household debt is rising while wages are not growing, forcing the RBA to hold interest rates steady, unlike the Federal Reserve, which has undertaken a path of gradual policy tightening. 

Australian monetary policy is expected to remain steady in 2018, with the RBA's minutes indicating the need to see faster wage growth before inflation rises. 

Interest rates are wallowing at record lows of 1.5% since August 2016, as the RBA seeks to bolster inflation back to targets.