The iron ore price collapse hasn't done much to depress the AUD unfortunately thanks to the weak US job numbers. Tomorrow, we may have a crack at seeing the AUD take a tumble in the short term as the useless RBA clown may do a U-turn and announce a deferral of bond buying tapering. If that happens, US 73.5 cents is possible.
We need a lower AUD to cushion the blow due to iron ore IO price rout.
Iron ore price, page-36735
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