The Australian dollar depreciated past $0.651 on Tuesday, marking its fifth consecutive session of losses after the central bank held the cash rate steady, in line with market expectations. During the November meeting, the board unanimously decided to maintain the official interest rate at 3.60%, opting not to consider any rate increases. This decision came despite persistent underlying price pressures, as both headline and trimmed mean inflation exceeded forecasts. Moreover, the RBA downplayed a surprising rise in unemployment in September, emphasizing that the labor market remains "slightly tight." Meanwhile, RBA Governor Bullock highlighted that the possibility of additional rate cuts appears limited and that the extent of monetary easing required may be smaller than in previous cycles. Externally, the Australian dollar came under pressure against the greenback after Federal Reserve officials adopted a more cautious tone regarding the timing of potential rate cuts.