# China Downgrade Irons Australian Dollar - ActionForex

> 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.

- Date: 2017-05-24 · published 2017-05-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/71263-china-downgrade-irons-australian-dollar-actionforex
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Lower iron ore and a weaker Chinese outlook signal reduced demand for Australian exports, including meat and dairy, and pressure on the Aussie.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/16651-china-downgrade-irons-australian-dollar/

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