AUD/USD slipping further – AUD today’s biggest loser

aud usd slipping further aud todays biggest loser

Sumary of AUD/USD slipping further – AUD today’s biggest loser:

  • Something not getting a lot of attention is the slowing (just a little) of the iron ore price rally..
  • China is importing more scrap steel to diversify a touch, away from its dependence on Australian iron ore..
  • I don’t have volume figures on imports of scrap so its hard to gauge the impact, but its a snippet of market chatter doing the rounds….

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