China's state planner says it will step up regulation of iron ore futures, spot trading

<p>The National Development and Reform Commission of the People's Republic of China (NDRC) is the state planner:</p><p>

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urges iron ore firms not to hoard, hype up prices</li><li>urges iron ore firms
not to manipulate futures market</li></ul>

<p>Iron ore is Australia's #1 export to China. Headlines such as this will act as a negative input for the AUD.&nbsp;</p><br><p><br></p><p>more to come&nbsp;</p><figure data-media-><img src="https://images.forexlive.com/images/iron%20ore%20china%20property_id_797e9c20-470e-4645-9f91-7a4c6a80227f_original.jpg" alt="A piece in the Australian Financial Review highlights a potential next leg down in iron ore." wrapper-="wrapper-" data-src="https://images.forexlive.com/images/iron%20ore%20china%20property_id_797e9c20-470e-4645-9f91-7a4c6a80227f_original.jpg" /></figure><p><br></p><p><br></p>

This article was written by Eamonn Sheridan at www.forexlive.com.