Goldman Sachs like iron ore prices higher in the short term

GS on iron ore - likes a long position in iron over the next month

Citing:

• mills in China should restock soon with approach of spring construction season
• strong credit data is easing demand concerns

Further out:

• expect iron ore price to fall to $65/ton by year-end
• citing supply response

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Higher iron ore prices should be a positive for the AUD (and vice versa). But everyone is watching the RBA fumbling about with policy right now, not iron ore. Well, that's that's how it seems to me anyway.