Rising prices for iron ore will help to form a bottom for the Australian dollar
Intraday USD / Australian dollar lost some ground, conquered the day before and the morning of Thursday trading near 0.7390 due to a stronger dollar. Before the week is not expected to yield any important data on the Australian economy, and therefore the value of the Australian dollar will have a major impact commodity prices, says the CBA. This week, the main factor that supported the Australian dollar was more than 14% rise in iron ore futures. Metals prices could provide acceleration Trade of Australia and the weakening of the deficit of the current balance of trade, concluded in the CBA.
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