China Sept iron ore imports at record, copper highest since March - Reuters News
|The details of China September imports carry good news for the Aussie dollar.
According to Reuters calculations based on customs data on Friday, China's iron ore imports rose 11 percent in September from a year earlier to a record high. Imports of copper and copper products climbed by 26.5 percent in September from a year ago.
AUD closely follows copper and iron ore prices, which may rise today on increased Chinese imports.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.