AUD acting as resilient - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the softer Chinese demand for iron ore is thought to be the key factor driving down prices.

Key Quotes:

“The Australian dollar has been resilient, largely in a broad trading range. This underscores our understanding that the ultimate driving force of currencies from open high-income economies is the market for capital more so than the market for goods”.

“Australia's AAA rating and high yield appeals to both private and public asset managers”.