Gracing the Asian market session today was the release of the Reserve Bank of Australia's (RBA) meeting minutes report for the July edition of the policy meeting.
Earlier this month, the central bank decided to keep its interest rate unchanged at 4.10%.
Minutes published this morning showed policymakers had considered whether to raise rates by 25 basis points or keep them unchanged at the meeting.
Although there is a strong case for both options, policymakers ultimately chose to keep interest rates at current levels.
Even so, they agreed that some further tightening may be necessary and will reassess the economic situation at the August meeting.
Also at the meeting, policymakers discussed the economic risks and consumption could be slower than expected.
He added that pressure on household finances and unemployment risked increasing more than necessary.
The conclusion from the minutes was that the RBA left the 'door open' for further hikes to help inflation return to target within a reasonable time frame.
Following the publication, the Aussie dollar found support to rise to around 0.6830 against the US dollar.
