Iron ore and the aussie: what's the link doing now?

FTC Community TeamStaff101 views

Iron ore is Australia's biggest export, and its price used to move the aussie reliably. The relationship has loosened as other forces grew louder.

Iron ore and the aussie: what's the link doing now? — moving average crossover diagram
A fast moving average crossing a slower one

What's your observation?

  • how closely AUD tracks iron ore these days
  • the China demand signals you watch
  • what matters more for AUD now
Iron ore and the aussie: what's the link doing now? — risk-reward diagram
A risk-reward ratio of 1 to 2

Background: commodity currencies and China's economy.

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