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Saturday, 12/03/2016 10:13:44 PM

Saturday, December 03, 2016 10:13:44 PM

Post# of 8674
"How a stronger US dollar turbocharged iron ore" by AFRweekend.......
http://www.afr.com/personal-finance/how-a-stronger-us-dollar-turbocharged-iron-ore-20161202-gt2qtp
""The Goldman Sachs analysts estimate about 60 per cent of the iron ore price rally in October can be explained by this trade, inspired by a weakening Chinese currency. And it's not over yet.

"With ample onshore money supply chasing a limited menu of accessible dollar-linked assets, continued yuan depreciation means that iron ore prices may stay above what the fundamental demand and supply suggest in coming months," they write.""

ps-intricacies of IO pricing is above my pay grade: coat tailing LG is good enough for me.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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