# The Australian Dollar's Iron Ore Headache

> Analysts note that the Australian dollar has been weighed down by falling iron ore prices, even as other commodities have rallied. The article says the AUD correlation with iron ore is strong and the currency remains vulnerable.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68238-the-australian-dollar-s-iron-ore-headache
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Iron ore is unrelated to feed grain balances, so the link to feed buyers is indirect and mainly through AUD-driven export competitiveness. The article is mostly a currency analysis.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/7939-call-of-any-old-iron-keeps-australian-dollar-down-says-nordea

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