One dollar and 10 cents in Australian currency sit atop a U.S. one dollar note in this photo illustration taken in Sydney July 27, 2011.
The Australian dollar sagged near a four-month low after a dovish tilt to the central bank's policy outlook a day earlier.
Traders currently assign 85% odds to a quarter-point rate cut by the Fed on Dec. 18.
The Aussie was little changed at $0.6380 after dipping to $0.63655 a day earlier for the first time since Aug. 5.
The Swiss franc held firm at 0.8830 per dollar, with markets assigning 61% odds to a half-point rate cut on Thursday from the Swiss National Bank.
Persons:
China's, Andrew Hauser, James Kniveton, Kniveton, Sterling
Organizations:
Federal, Economic Work Conference, Beijing, Tuesday's Reserve Bank of Australia, Traders, Fed, Federal Reserve, U.S ., European Central Bank, Swiss, Swiss National Bank, The Bank of Canada, . One U.S
Locations:
Sydney, Australia