AUD/USD: Drop in iron ore bodes ill for aussie's outlook – ING - Printable Version
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AUD/USD: Drop in iron ore bodes ill for aussie's outlook – ING - lvlrsSTI - 16-02-2022
https://www.fxstreet.com/news/aud-usd-drop-in-iron-ore-bodes-ill-for-aussies-outlook-ing-202202150744
RE: AUD/USD: Drop in iron ore bodes ill for aussie's outlook – ING - debono - 16-02-2022
(16-02-2022, 09:00 PM)lvlrsSTI Wrote: https://www.fxstreet.com/news/aud-usd-drop-in-iron-ore-bodes-ill-for-aussies-outlook-ing-202202150744All this happens because Aust. is at loggerheads with China.......
RE: AUD/USD: Drop in iron ore bodes ill for aussie's outlook – ING - lvlrsSTI - 16-02-2022
(16-02-2022, 09:40 PM)debono Wrote: All this happens because Aust. is at loggerheads with China.......
China's steel and iron ore prices slumped to multi-month lows Nov. 2, dragged by the declines in both the futures and physical markets, on the back of production cuts, power issues, falling steel demand, and an oversupply of iron ore; among others.
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/110221-chinese-steel-iron-ore-prices-slump-as-bear-factors-weigh-on-futures-physical-markets
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/110221-chinese-steel-iron-ore-prices-slump-as-bear-factors-weigh-on-futures-physical-markets
RE: AUD/USD: Drop in iron ore bodes ill for aussie's outlook – ING - cityhantam - 16-02-2022
https://www.livemint.com/market/commodities/why-iron-ore-futures-prices-plunged-10-today-11644899954226.html
The most-traded iron ore for May delivery on China's Dalian Commodity Exchange tumbled as much as 9.7% to 701 yuan ($110.35) a tonne, its weakest since Jan. 18.
RE: AUD/USD: Drop in iron ore bodes ill for aussie's outlook – ING - cityhantam - 17-02-2022
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