The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 52.4 in January versus 51.6 prior, the latest data published by S&P Global showed on Friday.
The Australian Dollar remains subdued against the US Dollar (USD) on Tuesday after registering modest gains in the previous session. The AUD/USD pair remains subdued after the People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Tuesday.
The AUD/USD pair trades marginally lower to near 0.6700 during the European trading session on Tuesday. The Aussie pair edges down as the US Dollar (USD) ticks higher slightly ahead of the United States (US) Consumer Price Index (CPI) data for December, which will be published at 13:30 GMT.