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14 May 2015
AUD/USD off multi-month highs, Dalian iron ore weighs
FXStreet (Bali) - Dalian iron ore has fallen sharply off highs, currently down more than 3%, with the move probably weighing on the reversal seen in the Aussie off its highs.
The pair saw an early spike towards 0.8163 but has pared back over 40 pips since reaching its most expensive leve in over 4 months, presently exchanging hands circa 0.8125, Wednesday´s high.
The pair saw an early spike towards 0.8163 but has pared back over 40 pips since reaching its most expensive leve in over 4 months, presently exchanging hands circa 0.8125, Wednesday´s high.