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The Australian dollar held up against G10 peers on Tuesday despite a continuing slide in iron ore futures, which fell more than 13% in March. Strategists are growing more cautious and note that AUD/USD has tracked the Shanghai Composite closely since 2016.
Risk to Chinese equities and iron ore could weaken the AUD and signal weaker Chinese industrial demand. For feed buyers the link to grain and meal prices is indirect.
poundsterlinglive.comJames SkinnerMar 20, 2018Not 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.
