Ella 
The Australian dollar (AUD) was weak on Monday. Global trade concerns continued to weaken the Australian dollar as U.S. President Trump plans to announce reciprocal tariffs on Wednesday.
However, encouraging Chinese economic data could help limit the pair’s losses. The latest data released on Monday showed that China’s National Bureau of Statistics’ manufacturing purchasing managers’ index (PMI) rose to 50.5 in March, compared with 50.2 in February. The reading was in line with market consensus. At the same time, the National Bureau of Statistics’ non-manufacturing PMI improved to 50.8 in March, from 50.4 in the previous month and stronger than the expected 50.5.
Looking ahead, investors will be closely watching the Reserve Bank of Australia’s (RBA) interest rate decision on Tuesday. Australia’s central bank is expected to keep interest rates unchanged at its April meeting as it awaits election campaigning over cost of living issues and braces for the economic impact of U.S.-led global trade turmoil. On the US calendar, the ISM manufacturing PMI for March will be released later on Tuesday.
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