Iron ore, copper sold agressively

Iron Ore has seen its sharpest fall in months today, currently -4.8% to 391, while copper is following suit, declining in a very strong fashion towards 2.12.

Despite the aggressive fall in metals, the Australian Dollar remains fairly muted, exchanging hands circa 0.7380 against the US Dollar, with the higher that trades the more of an opportunity it may represent to sell it at value areas should intrinsic value continue to decrease.

AUD/NZD: consolidated after strong daily supply

AUD/NZD is in recovery mode after the losses from the mid point of the 1.08 handle.
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China trade unveiled - ANZ

Analysts at ANZ noted that the trade balance for China and April was $45.6 billion, which was better than expectations.
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