Australian dollar falls following RBA meeting minutes

Australian dollar fell against the greenback on Tuesday after the central bank's meeting minutes showed a negative outlook on the global and domestic economy as well.

Expectations are that Australia's central bank will also be cutting interest rates as the US Fed and the European Central Bank hinted that interest rates will be cut soon.

These and other hints suggest that the global economy is under pressure from different countries, most notably trade tensions between the United States and China.

With the resumption of trade negotiations between the world's two largest economies today, there are no promising signs of an agreement.

China added commerce minister Zhong Shan today to its team in the trade talks with the United States, which Washington sees as one of the obstacles of reaching an agreement.

In terms of trade, by 16:01 GMT, AUD/USD fell by 0.3% to 0.7017, with a high of 0.7045 and a low of 0.7017.