Marshall Gittler’s Market Outlook: AUD falls on weaker iron ore; G20 finance ministers & central bankers’ meeting

Collapse of AUD! News that iron ore inventories in China are continuing to climb sent the price of the ore sharply lower Monday, pushing AUD down with it. Shipments to China are falling as importers try to trim excessive inventories. The latest Commitment of Traders (COT) report shows that speculators…