Australian DollarCommoditiesIron ore price

Will iron ore drag the Australian dollar lower?

David Llewellyn-Smith
Friday, 22 September 2017
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No, says ANZ boldly, via BS:

ANZ analysts Daniel Been and Giulia Lavinia Specchia said that the falls only present limited downside risk for the Aussie.

For starters, they noted that the recent correlation between iron ore prices and the AUD/USD exchange rate is below it’s long-term average.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.