# Australian Dollar Short-Term Outlook Limited By Drop In Iron Ore Prices | Exchange Rates UK

> The Australian dollar traded choppily on Wednesday, falling in Asian and European sessions before recovering in North America. Citi expects pressure from trade wars and a drop in iron ore prices to restrain the currency short term.

- Date: 2018-03-29 · published 2018-03-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/66255-australian-dollar-short-term-outlook-limited-by-drop-in-iron-ore-prices
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Lower iron ore prices weaken Australia's terms of trade, which can reduce the AUD and slightly affect Australian export pricing. The impact on feed grain markets is minimal.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/21136/aud-australian-dollar-short-term-outlook-limited-by-drop-in-iron-ore-prices.html

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