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The Aussie stalls as China crushes Iron ore prices

by Neville Hornsey
21 May 2021
in Commodities, Forex
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Australia relies on the exports of Iron Ore to China but of late has been falling out of favour with the worlds largest buyer of commodities. The US dollar’s decline is supporting the AUDUSD but traders sentiment is growing to the downside with regards to other Australian forex crosses.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:11 COPPER

2:29 AUD/USD

2:35 US DOLLAR INDEX

2:46 AUD/JPY

2:53 AUD/CHF

Tags: AUDCHFAUDJPYAUDUSDCopperDXYForexIron OreMacro-Economics
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