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Following Moody's downgrade of China, iron ore prices collapsed and the Australian dollar fell. The downgrade highlighted the close trade links between China and Australia, where China is Australia's largest trading partner.
Lower iron ore and a weaker Chinese outlook signal reduced demand for Australian exports, including meat and dairy, and pressure on the Aussie.
actionforex.comMarketPulseMay 24, 2017Not 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.
