# Aussie Resilient Despite China Property Jitters and the Fed - ActionForex

> 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.

- Date: 2021-09-27 · published 2021-09-27T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/45323-aussie-resilient-despite-china-property-jitters-and-the-fed-actionforex
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weakness in iron ore and Chinese growth worries signal softer Chinese industrial demand. The effect on feed grain prices is indirect.

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/405743-aussie-resilient-despite-china-property-jitters-and-the-fed/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.