Aussie strives to rebound from three-month low

Australian dollar inched up on Wednesday in an attempt to recover from three-month lows hit yesterday, as the US dollar reverses lower gradually against a basket of main currencies. 

AUD/USD rose to 0.7693 from the opening of 0.7683, with an intraday high at 0.7702, and a low at 0.7681. 

Aussie's recovery attempts come as the greenback dips ahead of the Federal Reserve's policy decisions today, with major rivals clawing some of their yesterday's losses back. 

Reserve Bank of Australia released the minutes of its last policy meeting yesterday, at which they held interest rates and monetary policy unchanged to underpin growth and help inflation reach targets, in turn nudging aussie to three-month lows. 

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.