Everything is not as black and white as on the surface
if one looks deeper - a colapsing currency only means one thing
trouble
“He said the price of iron ore was falling because there were fears the US-China trade war would accelerate China's economic slowdown, meaning it would ultimately buy less of the commodity.
"We're going to see prices trading in that $US75 to $US100 per tonne range for the next few months, and then maybe settling down in terms of the six months outlook somewhere between $US50 to $US75 per tonne range," he said.
While the falling Australian dollar will provide some support for the economy, the falling iron ore price — while contributing to a weaker dollar — will ultimately weaken the economy further.”
https://www.abc.net.au/news/2019-08...-decline-holds-best-hope-for-economy/11389028
