Forex Flash: AUD ‘risk atmospherics broadly positive’ in January - Westpac

FXstreet.com (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.

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