The Australian dollar is almost half a US cent higher, following a strong lead from Asian stock markets.
At 1700 AEDT on Tuesday, the local unit was trading at 102.67 US cents, up from 102.23 cents on Monday.
Since 0700 AEDT on Tuesday, the Australian dollar traded between 102.43 US cents and 102.75 cents.
The minutes of the Reserve Bank of Australia's (RBA) October 2 board meeting, at which the cash rate was cut by a quarter of a percentage point to 3.25 per cent, were released on Tuesday.
The minutes showed that the RBA board was concerned about the slowdown in Australia's mining sector.
Easy Forex currency dealer Tony Darvall said the Australian dollar still rose on Tuesday despite the pessimistic nature of the central bank comments.
"It's probably more to do that stocks are doing quite well, the mood is quite strong and the minutes didn't expressly say we are going to cut the cash rate next month," he said.
"What we are dealing with at the moment is just range trading, selling the Australian dollar above 103 US cents if we can get there."
Mr Darvall said the trend for the Australian dollar at the moment is to follow the lead from the euro and stocks markets.
The next big event for Australian bonds is the September quarter inflation figures to be released on Wednesday, October 24.
Mr Darvall said the September quarter consumer price index for Australia was unlikely to be high and therefore should not prevent another interest rate cut in November.
"It's pretty much priced in at about 80 per cent that they (the RBA) are going to cut the rate and that should put a cap on the Australian dollar," he said.
At 1700 AEDT, the Australian dollar was at 81.00 Japanese yen, up from Monday's close of 80.29 yen, and at 79.16 euro cents, a touch down from 79.17 euro cents.
Meanwhile, the Australian bond market was slightly weaker.
Nomura head of macro products Australia Jon Linton said Asian stocks made gains on Tuesday but bond prices did not move much.
"I think you could categorise it as largely unchanged," he said.
"The overnight news from the US was reasonably positive, stronger earnings from Citibank and stronger retail sales data from the US."
"So that might be a factor that at the margin may make futures a tad heavy."
At 1630 AEDT on Tuesday, the December 10-year bond futures contract was trading at 97.070 (implying a yield of 2.930 per cent), down from 97.075 (2.925 per cent) on Monday.
The December three-year bond futures contract was at 97.630 (2.370 per cent), down from 97.660 (2.340 per cent).