The comments from BHP Billiton regarding softening demand in China for Australia’s iron ore sparked risk aversion in financial markets and pressured commodity currencies in Tuesday’s session as it renewed fears that the Chinese economy will slow at a faster rate than anticipated.
Related posts:
- Preview: China’s HSBC Manufacturing PMI – Next Key Risk Event for Sentiment & AUD/USD
- Preview: China’s HSBC Manufacturing PMI – Next Key Risk Event for Sentiment & AUD/USD
- Strong Risk Appetite on Central Bank Liquidity Steps, China Lowering of RRR, and Strong ADP Report
- Strong Risk Appetite on Central Bank Liquidity Steps, China Lowering of RRR, and Strong ADP Report
- Strong Risk Appetite on Central Bank Liquidity Steps, China Lowering of RRR, and Strong ADP Report
{ 0 comments… add one now }