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AUD/USD Rates May Rise as Iron Ore Prices Soar to Multi-Year High – DailyFX
The AUD/USD exchange rate may rise on the back of soaring iron ore prices and falling Covid-19 case numbers in Australia’s second most populous state.
Australian Dollar, AUD/USD, Iron Ore, RBA Meeting Minutes Talking Points:
- Falling Covid-19 case numbers in Australias second most populous state may buoy regional risk assets
- Soaring iron ore prices underpinning the commodity-linked Australian Dollar
- AUD/USD rates eyeing fresh yearly high despite recent pullback
The Australian Dollar looks set to continue outperforming its major counterparts on the back of falling Covid-19 case numbers in Victoria, Australias s…
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