The Australian Dollar (AUD) has seen a downturn against the US Dollar (USD) as traders react to the latest economic data from China. The RatingDog Services Purchasing Managers’ Index (PMI) declined to 52.0 in December, down from 52.1 in November, raising concerns about economic momentum in the region. This data contributed to a stronger USD, influencing the AUD/USD exchange rate, which is now trending lower.
Market participants are closely monitoring upcoming economic indicators, particularly the ISM PMI release in the US, which could further impact the currency pair. With the AUD under pressure, traders are evaluating potential support levels as the USD maintains its bullish stance. This shift highlights the ongoing volatility in forex markets, driven by global economic indicators and their implications for trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 07:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.