People's Bank of China injects 50b yuan = Weakness in china to continue for medium term
AUD :
Dalian iron ore is limit down
Chinese rebar futures limit down (and to a record low)
It will be more likely now that we see a Rate cut from RBA in November... if we don't see anything from Fed soon.
AUD :
Dalian iron ore is limit down
Chinese rebar futures limit down (and to a record low)
It will be more likely now that we see a Rate cut from RBA in November... if we don't see anything from Fed soon.