Of late, institutional fund managers and market experts are sounding the alarm about the continued rise of equity markets.
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AUD traders: Keep an eye on Iron Ore & coal prices
Iron Ore
Iron Ore prices (light orange)have moved sharply higher helping lift the AUD today as well as positive COVID news.
If Iron Ore prices keep rising higher then expect that to further support the AUD. Around 20% of all Australia’s exports are Iron Ore. Coal is the next highest export and those prices are already well
Iron Ore prices (light orange)have moved sharply higher helping lift the AUD today as well as positive COVID news.
If Iron Ore prices keep rising higher then expect that to further support the AUD. Around 20% of all Australia’s exports are Iron Ore. Coal is the next highest export and those prices are already well