# The Australian Dollar Rises Through G10 League Table as Stars Align for Recovery

> The Australian dollar rose to become the second-best performing G10 currency of 2019 on iron ore strength. Vale said it will decommission 10 mining dams after a fatal disaster, which could remove over 40 million tonnes of iron ore from the market each year.

- Date: 2019-01-31 · published 2019-01-31T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/61373-the-australian-dollar-rises-through-g10-league-table-as-stars-align-for-recovery
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Iron ore supply cuts lift the terms of trade for Australia and support its currency, while the mining disruption has little direct bearing on grain or oilseed prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/10770-australian-dollar-rises-through-g10-league-table-as-stars-align-for-recovery

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