Australian Dollar moves little as traders put eyes on US-China tariff situation

Australian Dollar moves little as traders put eyes on US-China tariff situation
Australian Dollar moves little as traders put eyes on US-China tariff situation

Australian Dollar Weakens – The AUD is struggling because of increasing worries about US-China trade tensions.

China’s Economy Slows – China's Services PMI dropped to 51.0 in January, missing expectations.

US Federal Reserve's Stance – Fed official Daly said the US central bank is waiting to see how economic data develops before making decisions.

Australia's Economy Shows Modest Growth – The Judo Bank Composite PMI rose to 51.1, showing slow but steady improvement in private sector activity.

RBA Might Cut Interest Rates – The Reserve Bank of Australia (RBA) may lower interest rates soon if inflation stays high.

US-China Trade War Impact – China retaliated against US tariffs, while Trump hinted at possible further trade talks but also warned of stronger tariffs if no deal is reached.

Market Volatility Continues – Investors are cautious as trade tensions and economic uncertainties impact the market.