The Australian Dollar is trading lower on Wednesday, pulling back from Tuesday’s gains as enthusiasm over a potential USChina trade deal wanes. With trading sentiment turning cautious, markets are looking ahead to the upcoming US Inflation data release. Recent developments indicated that the US and China reached an agreement to ease trade restrictions on rare metals, yet details remain scarce, raising concerns about the deal’s longevity. As such, AUDUSD edged downward, and traders should monitor the developments closely.