Trade tensions continue to escalate between the two countries
- More on China's state planner moves to cap the price of coal
- Australian PM does not accept China has banned imports of Australian coal
- Australia Trade Minister Birmingham says referring China to WTO over tariffs
The battle rages on and will likely stay that way for some time yet, but just know that both sides will continue to skirt around iron ore - something that either side cannot afford to touch. Hence, the market may still turn a blind eye to all of this.
The larger theme of a more positive risk outlook in the next few years is still a strong fuel to keep the aussie running when looking at the big picture of things.
