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Westpac on the Australian dollar and iron ore
24 November 2014
Sean notes how the Australian dollar started the week positively as Australia’s free trade agreement with China was confirmed, but quickly headed lower as iron ore prices tumbled. He discusses the key drivers of Westpac’s view on iron ore prices and what that implies for AUD. Sean also warns of the short term dangers for AUD/USD from the ongoing slide in the Japanese yen.