Apologies for being a bit China-centric this morning but I guess that shows us how important they are becoming. This report in the Caijing online magazine suggests that China is ready to settle on an iron ore price. This should favour the AUD/USD in early trade. Trendline resistance on the daily AUD/USD chart comes in today around .8150.
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China looks set to compromise on iron ore prices
China looks set to compromise on iron ore prices
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