# Australian Dollar Bothered by Iron Ore Price Decline: CBA

> The Australian dollar weakened as iron ore futures fell to near a three-week low on concerns about steel demand in China. Commonwealth Bank strategists said demand from China's infrastructure and property sectors could be faltering.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/51364-australian-dollar-bothered-by-iron-ore-price-decline-cba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Iron ore is Australia's main export earner, so weaker iron ore prices pressure the Australian dollar and signal softer Chinese construction demand that can weigh on broader commodity sentiment.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/14157-australian-dollar-bothered-by-iron-ore-price-decline-cba

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