15.09.201500:56:46UTC+00Australian dollar sinks following RBA minutes

The Australian dollar tumbled Tuesday as the minutes from Reserve Bank of Australia's policy meeting rendered few merits on the currency's advances.

Earlier, the Aussie reached a two-week peak of $0.7166 after the Liberal Party ousted Tony Abbott as the country's prime minister. It ended at $0.7130.

Former Goldman Sachs banker Malcolm Turnbull is expected to be sworn in as Australia's 29th premier today.

A trader at a Japanese bank mentioned sellers are still waiting to sell the currency on a high “as commodity markets remain low.”

The currency was also affected by a plunge in Chinese shares.