The Australian Dollar was softer after monthly inflation data from Australia was lower than expected in January.
The British Pound retains a soft directional bias against the Australian Dollar, with 2025 being characterised by selloffs interspersed with tepid bouts of consolidation.
The Australian Dollar advanced against most peers in the wake of news that the U.S. was open to striking a new trade deal with China, further diminishing the risks of a damaging trade war.
The Australian Dollar is tipped to outperform in the coming months, helped by a 'hawkish' Reserve Bank of Australia (RBA) say analysts.