H2 results out just now have shown a dramatic fall in profits for the six months to June to USD 6.12 bln vs 7.18 bln y/y
The losses come despite BHP slashing costs and raising output of iron ore, copper and coal in the face of falling commodity prices.
Earlier reports were more upbeat with forecasters expecting profits around USD 7 bln
Not good, and AUDUSD is back down to 0.9038 having tried valiantly to stage a rally through 0.9060 earlier.
Stop loss sell orders reported below 0.9030 before more bids between 0.9000-20
