AUD pressured
Iron Ore is a major export for Australia and the regulation on it from China will weigh on the AUD as they (China) try to drag prices lower. 10 year yields pressured today, while most other major yields are higher. Expect this to drag on the AUD. Helping AUDNZD lower as the yield differentials play out today. We flagged it earlier here.
See Eamonn's post earlier for the details.
