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Focuses On Domestic Data Over Iron Ore Decline

AUD

AUD shaking off lower iron ore prices to post increases, AUD/USD last up 27 pips at 0.7774 and near the top of the G10 pile alongside NZD.

  • Iron ore futures are lower for a third day, the longest such losing streak in 3 months. Last down at 165.28, down around 0.5% on the session, but off session lows of 163.00.
  • Data showed that shipments from Australia including Port Hedland rose to 17.3 million tons in the week to Jan. 15, up from 16.2 million tons the prior week, according to data from Global Ports. BHP and Rio Tinto have both revised 2021 guidance higher.
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