THE Australian dollar was slightly higher ahead of an influential statement from the Reserve Bank of Australia today.

At 6.30am AEDT, the currency was trading at 105.42 US cents, up from 105.35 cents yesterday afternoon.

The RBA will today release minutes from its December 4 meeting, when it cut the cash rate by a quarter of a percentage point to 3.00 per cent.

The minutes will be closely analysed for any indication of further rate moves in the new year.