Investing.com - The Australian dollar edged lower against its U.S. counterpart on Monday, but it remained within close distance of a one-and-a-half month peak as the minutes of the Federal Reserve's latest meeting continued to weigh on the greenback.
Trading volumes were expected to remain thin on Monday, with U.S. markets closed for a national holiday.
AUD/USD hit 0.7306 during late Asian trade, the session low; the pair subsequently consolidated at 0.7337, easing 0.08%.
The pair was likely to find support at 0.7243, Friday's low and resistance at 0.7389, the high of July 18.
Minutes from the Fed’s September policy meeting, published on Thursday, showed that most policymakers thought an initial rate hike should still come this year and that financial market turmoil had not "materially altered" the outlook for the U.S. economy.
But the minutes also noted that recent global economic and financial developments may have increased the downside risks to the U.S. economy.
The minutes reinforced expectations that U.S. interest rates will remain on hold until well into 2016.
The Aussie was lower against the euro, with EUR/AUD adding 0.13% to 1.5490.