Iron Ore Prices Keep Rising, But What About AUDUSD?

From orbex.com

Yesterday, iron ore prices topped another 6-month high, harkening back to when there was broad speculation of a commodities supercycle. This came a little ahead of the latest monthly traffic report from Hedland Port, the largest iron ore export port in Australia. It showed that there was a slight drop in exports during January to 48Mt from 50Mt in the prior month. Despite being lower, it is still at the top of the normal range. The suggestion is that Chinese demand for raw materials, and in particular Australia’s largest export, remains robust. We should remember that last year there was concern that China would be ... (full story)