# AUD/USD May Wilt on RBA, Falling Iron Ore Prices | Forex trading, free forex education | Forex.ca

> The Australian dollar fell over the past week despite strong global equities, weighed by iron ore futures down over 17% from their May 12 peak. Attention turns to the RBA meeting and possible bond-yield guidance.

- Date: 2021-05-29 · published 2021-05-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47336-aud-usd-may-wilt-on-rba-falling-iron-ore-prices-forex-trading-free-forex
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency weakness modestly favours Australian grain export competitiveness, while the iron ore slump reflects China's steel curbs and cooling metals demand.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- forex.ca: https://www.forex.ca/aud-usd-may-wilt-on-rba-falling-iron-ore-prices/

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