AUD overpowers CAD and NZD as iron ore prices skyrocket
<p>Australian Dollar surges broadly today and even over-powers other commodity currencies. Surging iron ore prices are seen as a factor driving the moves. Iron ore entered a stage of parabolic rally after authorities at Pilbara Ports, the world’s largest iron ore export terminal, issued a cyclone warning, exacerbating an already tight market. AUD/NZD’s strong rebound […]</p>
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