The Australian dollar moved lower against its US counterpart on Tuesday. The upbeat Australian data and dovish comments by a Federal Reserve official seemed to not be able to help the fate of this commodity-related currency.
On Monday, Fed officials Lockhart, Kashkari and Brainard made their separate speeches. Lockhart has already announced his stance on the issue of rate hikes this month, and it has helped boost the dollar before. Again, he said that the economic data of late justifies a lively conversation about whether to raise rates. But people are perhaps more interested in listening to what Fed Governor Lael Brainard has to say, as she is such an influential voice.