The Australian dollar fell to a two-month low against the U.S. greenback on Tuesday.

Analysts at Danske Bank in a MarketWatch report said the RBA “has for a while now been in wait-and-see mode looking for past rate cuts to work their effect on the economy, but weaker domestic data, a softer China, and a large-scale selloff in commodities appear to have convinced Governor Stevens and co. that the time is ripe for a continuation of the easing cycle.”

CurrencyShares Australian Dollar Trust