maccabean
Short

The Increase in Divergence between AUD and Iron Ore

FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
It might help to view it on a chart, but we can see that the Australian Dollar             is overvalued (also by the technical indicator CCI ) relative to the price of Iron ore which it has generally oscillated around in the past. A drop down to 0.70 should be expected according to most analysts and the RBA.
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