Forex Flash: AUD ‘risk atmospherics broadly positive’ in January - Westpac (San Francisco) - According to analysts at Westpac, there has been a 37% rise in spot iron ore prices since the end of November. “While we do view the iron ore price squeeze as overdue for a pullback, we would not revisit [shorting AUD/CAD] near term, with risk atmospherics broadly positive for AUD this month,” Westpac says in a research note.