![]() ![]() ![]() The Aussie dollar, which historically tracks a combination of commodity prices and yield differentials, has so far withstood the decline. China is yet to provide a value breakdown, but a recent slump in prices - down nearly 40% since August - suggests this will be weaker as well.Īustralia, the world’s largest exporter of iron ore, is caught in a pincer as troubles in China’s property industry and environmental concerns weigh on price and volumes. ![]() ![]() In volume terms, Chinese imports of iron ore fell 4.2% in October from a month earlier, government data showed Sunday. (Bloomberg) - Australia’s iron ore shipments to China are slowing just as a decline in prices of the key steel-making ingredient is taking hold, potentially weighing on the Aussie dollar and compressing future trade surpluses.
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