
- AUD/USD rises to the monthly high around 0.6300 as Trump threatens lower tariffs on China than feared.
- The USD Index bounces back after refreshing a two-week low near 107.75.
- Investors await the flash US S&P Global PMI data for January
The AUD/USD pair revisits the monthly high around 0.6300 in Wednesday’s North American session. The Aussie pair ticks higher as the Australian Dollar (AUD) gains on reports that United States (US) President Donald Trump threatens to raise 10% tariffs on China from February 1.
The amount of tariff hikes proposed by Trump is significantly lower than what market
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