| Videos | Channels | Search |
From the Floor: Iron ore plunges on China downgrade — #SaxoStrats
The Moody's downgrade of Chinese debt saw iron ore futures crater as markets weighed the possibility of a deepening growth contraction.
• Iron ore closes down 4.7% after plunging as low as minus 7%
• Futures hit by Moody's downgrade of Chinese debt from Aa3 to A1
• USDCNH spikes to 7.0750 before early London sellers moved it lower
• Aussie heads lower but selloff muted given magntitude of ore decline
• Oil catches a pre-Opec bid from API numbers, EIA forecasts
• USD recovers, gold fails to break out ofn $,1245-65/oz range
• EU, IMF reportedly growing closer to Greece deal: Boye
12:47 minutes
Tags: asian markets, aussie, boye, commodities, eia, fixed income, forex, futures, fx forex, fx trading, gold price, imf, iron, oil, opec, usd, usdcnh
Switch to