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The Australian dollar held firm last week despite concerns over China's property sector and Evergrande's missed bond payments. AUD/USD dipped to 0.7220 but held above 0.7200.
Iron ore futures fell sharply, down about 38% from end-August.
Weakness in iron ore and Chinese growth worries signal softer Chinese industrial demand. The effect on feed grain prices is indirect.
actionforex.comWestpac Banking CorporationSep 27, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
