FMG 0.65% $17.85 fortescue ltd

Iron ore price, page-45575

  1. 3,647 Posts.
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    No I don't know.

    DCE opens at 11am AEST, which is 9am local time in Shanghai / Beijing / Dallian

    Also watch cross rates between RMB : USD as the RMB will likely fall like a stone vs USD.

    Issue for PBOC & CCP is Capital flight. But that's a world issue.

    It has largest USD reserves next to US in world. So have some buffer. Plus reduction in RMB would make China even more competitive. So I think the PBOC should side with the little guys ( average people / SME's ) and not international capital & reduce rates, but who knows ?
 
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