"Research firm Longview Economics went a step further, describing iron ore as a “deflating bubble”, saying the price of WA’s most important export will continue to fall because of the high value of the US dollar and indications Chinese demand for steel has peaked."
Past iron ore booms analysed by Longview found a a close correlation between the price of iron ore and the value of the US dollar.
The higher the dollar the lower the iron ore price; and right now, the US currency is crushing everything"
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