The Australian Dollar (AUD) weakened against the US Dollar (USD) following the release of China’s RatingDog Services Purchasing Managers’ Index (PMI) data. The PMI fell to 52.0 in December from November's 52.1, indicating a slight slowdown in service sector activity. This decline has raised concerns among traders about potential impacts on Australian exports, given the close economic ties between Australia and China.
As a result, the AUD/USD exchange rate has faced downward pressure, reflecting market sentiment influenced by Chinese economic indicators. Investors are likely to remain cautious, monitoring further developments from China that may affect the overall trading landscape, particularly as the Aussie continues to navigate the complexities of global economic conditions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 03:54
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.