AUD/USD trips stops below 0.78, Iron ore limit down -4%

FXStreet (Bali) - Iron ore is limit down -4%, with the AUD/USD bursting through stop loss orders below 0.78, hitting its lowest for the day at 0.7793, with next key support coming in at 0.7765/70, where some profit taking is expected.

Mar 27, 2015

Aussie under pressure as China Industrial profits, iron ore weigh

China Industrial Profits (YoY) for the month of February came at -4.2% vs -8.0% previous, which coupled with iron ore down 3.7% (Dailian Sept contract), is adding pressure on the Australian Dollar.

RBN: Bank improves household wealth statistics

RBNZ has published a media release note in which estimates that the value of New Zealand household wealth, including housing and land, has increased substantially.