The RBA minutes were expected to contain more negative comments about the currency.
THE Australian dollar is still lower, despite getting a small boost from the release of the minutes of the Reserve Bank of Australia's November board meeting.
At 12pm AEDT today, the local unit was trading at 93.83 US cents, down from 94.02 cents yesterday.
The currency lost ground during the morning, ahead of the RBA statement, but did little to recover once the minutes were released - with investors disappointed they didn't contain stronger language on the "uncomfortably high" Australian dollar.
ForexCT head of research Steven Dooley said this was because the minutes were similar to the RBA's short statement released on the day of the meeting.
"It popped up a little bit higher but it doesn't look like it was able to sustain that," he said.
"There wasn't a great amount of information in the minutes. There really wasn't much to change the view that the RBA is pretty comfortable with the (cash) rate where it is at the moment, and we're not likely to see any move in the near term.
"What the market was expecting, or at least hoping for, was a little bit more of a sterner view on the high Aussie dollar."
There will be more commentary on the economy and the Australian dollar from the RBA later this week which, Mr Dooley said, would be of interest to markets.
RBA assistant governor Guy Debelle will take part in a panel discussion at the Centre for International Finance and Regulation in Sydney tomorrow.
On Friday, RBA governor Glenn Stevens will give a speech to an Australian Business Economists dinner in Sydney.
Meanwhile, the Australian bond market was firmer.
At 12pm AEDT, today, the December 10-year bond futures contract was trading at 95.860 (implying a yield of 4.140 per cent), up from 95.845 (4.155 per cent) yesterday.
The December three-year bond futures contract was at 96.920 (3.080 per cent), up from 96.900 (3.100 per cent).
SOURCE: news.com.au
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