The Australian dollar was slightly lower, Bank of Queensland is down

The Australian dollar is unruffled by the release of the minutes of the latest Reserve Bank of Australia meeting this morning, with the Aussie dollar recently trading at US77.69¢ against the greenback, down 0.1 per cent.

In the minutes out today the RBA mentions the currency and notes that there have been "fairly modest movements in most major exchange rates over the previous month."

The Australian dollar was slightly lower over the month as commodity prices dipped and interest rates in the United States moved above Australian interest rates, the cental bank notes.

The RBA gave no sign that interest rates would move any time soon. While the next move in interest rates will likely to be up than down, "members also agreed that there was not a strong case for a near-term adjustment in monetary policy," the minutes revealed.

Bank of Queensland is down 2.3 per cent at $10.66 today, with the banking group one of the worst performers in the ASX 200.

The bank posted a slightly higher rise in first half cash profit driven by lower loan losses and lending growth in commercial loans, but the numbers missed market expectations.

The regional bank also said it would sell its St Andrew's Insurance division to Freedom Insurance Group for $65 million.