The Reserve Bank of Australia's interest rate decision is due to be released at 12:30 am ET Tuesday. The economists expect the bank to hold rates at 2.00 percent.

Ahead of the announcement, the Australian dollar rose against its major rivals.

As of 12:25 am ET, the Australian dollar traded at 1.4965 against the euro, 0.7706 against the U.S dollar, 81.79 against the yen and 1.0936 against the NZ dollar.

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