• Australian Dollar regains ground lost in recent sessions, buoyed by RBA hawkish hold.
• Aussie might gain further ground as the RBA will probably be one of the last G10 central banks to cut interest rates.
• There won’t be any relevant economic highlights on Wednesday for Aussie.

In Wednesday's session, the Australian Dollar (AUD) continued to smile and trade with gains against its peers following the Reserve Bank of Australia’s (RBA) hawkish hold on Tuesday.

While traces of weakness persist in the Australian economy, continuing high inflation prompted the RBA to delay any prospective rate cuts. This move positions the RBA to be among the last G10 central banks to initiate rate cuts, a factor that could bring sustained gains for the Aussie. The next highlights will be in Friday’s sessions when Australia releases Judo PMI figures from June.