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Australia’s share market finished lower and the Aussie dollar edged down towards 70 US cents as the Reserve Bank gave further suggestions of a rate cut next month.

The S&P/ASX200 benchmark index fell by 44.8 points, or 0.72 per cent, to 6184.6 on Tuesday.

The index closed above 6200 on Monday, but failed to rise to new heights following a negative US lead.

The All Ordinaries finished lower by 38.8 points, or 0.6 per cent, to 6396.8.

Meanwhile, RBA assistant governor for financial markets Christopher Kent said rates could go a little lower than they are.

The Aussie dollar was buying 70.39 US cents at 1624 AEDT, down from 70.88 US cents at the close of trade on Monday.