workingtraders

$AUDUSD Short - China a problem still and Pending Rate cut

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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.

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