Australian Dollar is a top performer from the session, favored by hot CPI figures from May. Following May's hot CPI figures, the market closely watches further inflation indications for potential RBA action. If the RBA holds hawkish, the downside for the Aussie is limited. Wednesday's session observed an incline in the Australian Dollar , as it rose to the mark of 0.6690 against the US Dollar, before retracing back to the 0.6650 mark.
The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets or seeking safe-havens – is also a factor, with risk-on positive for AUD.
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