Investing.com - The Australian dollar edged lower against its U.S. counterpart on Tuesday, after the Reserve Bank of Australia said it plans to maintain low borrowing costs and as markets were eyeing the Federal Reserve''s policy statement on Wednesday.
AUD/USD hit 0.9064 during late Asian trade, the session low; the pair subsequently consolidated at 0.9072, shedding 0.17%.
The pair was likely to find support at 0.8995, the low of March 13 and resistance at 0.9133, the high of March 7.
In the minutes of its March policy meeting, the RBA said it saw more signs that record-low interest rates were supporting growth and reiterated that a period of steady borrowing costs was likely.
Meanwhile, concerns over the Ukraine crisis seemed to subside as sanctions imposed on Russia by the U.S. and the European Union were seen as mild.
Russian President Vladimir Putin was to give a speech later Tuesday, following Sunday''s referendum in Crimea, which saw a majority of voters chose to join Russia.
The Aussie was lower against the euro, with EUR/AUD adding 0.12% to 1.5338.
Later in the day, the U.S. was to produce data on consumer inflation, in addition to reports on building permits and housing starts.
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