Back

AUD bearish news: China's copper, iron ore and oil imports dropped in June

China's imports of top Aussie exports - copper, iron ore - dropped in June, the official data released today showed. Consequently, the Australian dollar (AUD) may remain on the defensive. 

Key points (Source: Reuters)

  • Copper: China imported 448,000 tonnes in June vs 470,000 tonnes in May.
  • Iron ore: China imported 83.24 million tonnes in June vs 94.13 million tonnes in May.
  • Crude oil: China imported 34.35 million tonnes vs 39.04 million tonnes in May

 

 

 

US dollar: Risks further upside as valuation aren’t stretched – HSBC

In its latest client note, analysts at HSBC forecasts the US dollar rally to continue on the back of Fed’s interest rate outlook for this year. Key P
مزید پڑھیں Previous

Global economy in reasonable shape right now - NAB

The global economy remains in reasonable shape right now despite some pressures on Emerging Market economies, according to analysts at NAB. Key Quote
مزید پڑھیں Next