AUSTRALIAN DOLLAR UNDER PRESSURE DUE TO TRUMP TARIFFS AND CHINA'S PMI DATA

AUSTRALIAN DOLLAR UNDER PRESSURE DUE TO TRUMP TARIFFS AND CHINA'S PMI DATA
AUSTRALIAN DOLLAR UNDER PRESSURE DUE TO TRUMP TARIFFS AND CHINA'S PMI DATA

AUSTRALIAN DOLLAR UNDER PRESSURE DUE TO TRUMP TARIFFS AND CHINA'S PMI DATA

Australian Dollar (AUD) declined amid U.S. President Trump’s tariff announcements.

U.S. set 25% tariffs on Canadian and Mexican goods, and 10% tariffs on China.

China's Caixin Manufacturing PMI fell to 50.1 in January, down from 50.5 in December.

The AUD/USD pair dropped over 1% due to heightened risk-off sentiment.

Trump’s tariffs targeted China, a major Australian trading partner, and are set to take effect on Tuesday.

Tariffs will remain until the U.S. fentanyl overdose crisis is resolved.