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Rask Media outlines three headwinds that could push the Australian dollar below 80 US cents: falling iron ore prices, slowing Chinese growth and widening interest rate differentials. Iron ore closed down 0.9% at US$74.40 a tonne.
Weaker iron ore and Chinese demand signal softer Australian export earnings and potential weakness in the Aussie dollar. For feed buyers the effect on grain and meal prices is indirect.
raskmedia.com.auRask Invest Research TeamJan 29, 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.
