Aussie falls to four-month low

Australian dollar tilted lower in Asian trade to January 3 lows following data from Australia and after US President Donald Trump warned of reimposing tariffs on Chinese products valued at $200 billion. 

As of 03:12 GMT, AUD/USD fell 0.14% to 0.6973, with a session-high at 0.6998, and a four-month nadir at 0.6963. 

Earlier Australian data showed inflation slowed to 0.2% from 0.4%, while job advertisements fell 0.1%.  

Investors await the Reserve Bank of Australia's policy decisions tomorrow, with analysts expecting a cut to rates by 25 basis points to 1.25%. 

President Trump threatened to reimpose and increase tariffs on Chinese products as a trade deal between both sides is taking too long to reach with stubborn disagreements. 

China is Australia's biggest trading partner, causing ripples to Aussie with such developments.