The Australian currency (Aussie) has declined slightly against the US major counterpart as the Reserve Bank of Australia reported that the Bank won't increase the interest rates until the end of the year because of the current position in Australia don't need to rise the rates at this time along with the European debt crisis that hurt the economic recovery in Australia, while the Bank noted that higher Australian dollar has dampened part of economy during the previous period.

The AUD/USD pair started the day trading at 1.0634, which recorded the lowest level at 1.0609 and the highest level at 1.0650, whereas the momentum indicators give selling signs and showed the pair in a downside movement.