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Aussie inflation surprised to the upside, oil rout continues

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Is the AUD sell-off overdone? (by Arnaud Masset) Like all the other commodity currencies, the Australian dollar got hammered since the beginning of 2016 - the Aussie fell more than 4.5% against the US dollar, dropping below $0.69 - on mounting uncertainties about China growth outlook and, obviously, the commodity rout which brought the WTI as low as $28.40 a barrel. It is also important mention that iron ore delivered to Qingdao port fell below $40 a tonne after peaking

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