# Australian Dollar in Focus as Strategists Eye Potential for “Sharp Moves” in Months Ahead

> 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.

- Date: 2018-03-20 · published 2018-03-20T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/66259-australian-dollar-in-focus-as-strategists-eye-potential-for-sharp-moves-in
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/8731-australian-dollar-holds-steady-despite-iron-ore-rout-but-strategists-eye-potential-for-sharp-moves

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