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The Australian Dollar registered losses of 0.03% against the US Dollar as Federal Reserve<\/a> officials hitting the wires were reluctant to hint at when rate cuts begin. Consequently, US Treasury bond yields fell, while the Greenback stood tall, flat at around 104.62. The AUD\/USD trades at 0.6668, virtually unchanged as Wednesday\u2019s Asian session begins.<\/p>\n Wall Street finished the session with gains ahead of the release of NVIDIA\u2019s earnings. Fed officials led by Atlanta\u2019s Fed President Bostic and Governors Waller and Barr crossed the newswires.<\/p>\n Bostic stated he isn\u2019t in a hurry to lower rates and emphasized the Fed\u2019s job to achieve the 2% goal, saying that it\u2019s the bank\u2019s priority. Lately, Fed Governor Waller stated that despite seeing progress on inflation after April\u2019s inflation data, he needs to see subsequent months of inflation trending lower. Lastly, Vice-Chair Barr remarked, “We still need to finish the job on inflation.”<\/p>\n Even though Fed commentary was slightly \u201chawkish,\u201d US Treasury yields dropped, but the US Dollar remained steady. That said, North American traders brace for the release of the Federal Open Market Committee (FOMC) minutes on Wednesday.<\/p>\n On the Australian side, the minutes of the Reserve Bank of Australia\u2019s (RBA) last meeting were tilted hawkish as RBA board members considered a rate hike during their discussions. ANZ economists , in a note, wrote,\u201cWe continue to think that the economy is softening enough to deliver in target inflation and hence retain our view that the next move in the cash rate is down.\u201d They estimate a modest easing cycle with just three rate cuts.<\/p>\nAUD\/USD falls despite hawkish RBA\u2019s minutes, offset by Fed officials’ focus on inflation<\/h2>\n