28 Apr 2014
Iron ore prices fall sharply
FXStreet (Bali) - Iron ore prices fell 4.8%, almost hitting its limit down level, on concerns that a crackdown in Chinese financing may be underway.
PBOC'S Pan crossed the wires earlier today saying that they will intensify the crack down on illegal fund raising practices by some entities in China.
The news have yet to weight on the Australian Dollar, which trades largely unchanged since the sharp decline in ore prices. Last week, the prices of the industrial asset fell by 5% as well.
PBOC'S Pan crossed the wires earlier today saying that they will intensify the crack down on illegal fund raising practices by some entities in China.
The news have yet to weight on the Australian Dollar, which trades largely unchanged since the sharp decline in ore prices. Last week, the prices of the industrial asset fell by 5% as well.