SYDNEY (Nov 15): The Australian dollar bounced from a one-month low on Tuesday, underpinned by rising commodity prices, and as a prediction of rising inflation from the country's central bank implied further interest rate cuts were off the agenda for now.

The Australian dollar rose as high as US$0.7582 ($1.07), after the Reserve Bank of Australia (RBA) released minutes of its November policy meeting in which it once again gave an upbeat assessment of the economy.

It touched US$0.7524 on Monday, the lowest since Oct 13, but has now steadied around US$0.7556.

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