Oz Blog News Commentary

AUD rockets on Evergrande bond payment

September 22, 2021 - 11:40 -- Admin

China Evergrande’s main unit Hengda Real Estate has clarified that it will make coupon payments for onshore bonds due tomorrow. And off the AUD goes: Big miners are ecstatic! Yields are up and copper is flying. The problem is, the only commodity that matters is puking all over the floor. Iron ore: Coconuts.

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