True, but you'd have to think that AUD and Iron Ore are correlated given how much of our economy is built on Iron Ore.
Which means if iron ore prices drop so to does the AUD and vice versa. Working in forex I certainly seem correlation when iron ore prices move higher usually the AUD is supported.
Falling AUD, page-2
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Last
32.5¢ |
Change
0.015(4.84%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.5¢ | 31.0¢ | $1.234M | 3.812M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 109416 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 27921 | 2 |
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| MGX (ASX) Chart |