The Australian dollar led the FX quadrant higher after the Reserve Bank of Australia announced a 25 bps rate hike to 3.85%. This decision, driven by persistent inflation and a tight labor market, makes the RBA an outlier among global central banks currently holding or cutting rates. Australian dollar futures responded by climbing toward the 0.7000 level, approaching three-year highs and recovering from recent selling pressure. While most major currencies traded higher against the U.S. dollar during the session, the Japanese yen remained a notable exception, trading slightly softer following a weak 10-Year JGB auction.