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The Australian dollar was trading close to ten-year lows, well below 70 US cents, as the US-China trade war escalated. Iron ore prices fell about 20 per cent, and Australian 10-year bond yields hit record lows as investors sought safe havens.
A lower Aussie dollar eases the cost of Australian exports, but a sharp iron ore decline and escalating trade war signal weaker global demand and risk.
abc.net.auDavid TaylorSep 1, 2019Not 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.
