The Australian sharemarket ended its session lower on Tuesday following the release of RBA's minutes, which stated members agreed that the bank should neither close off the possibility of reducing rates further, nor signal an imminent intention to reduce rates further. The minutes revealed an RBA board closely focused on the falling value of the Australian dollar. The benchmark S&P/ASX 200 finished 0.67% lower, or 34.3 points, at 5078.2. The Australian dollar is at US90.75c, compared with US92.04c at Monday's local close. Overnight, Wall Street stocks recovered from a four-day losing streak with the S&P500 finishing 0.39% higher at 1652.52. US 10-year bond yields retreated from two-year highs to around 2.81% on revived safe-haven bids as prices on world stock exchanges fell to the lowest level in over a month.
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