This is AUDCHF for a short.
China and Australian trade war brought fear to Australian market.
What we know is that China put tarrif on australian wines, bailey and stop delivery from theor shore of beef and Coal.
This action brought the Iron Ore price higher and China.
However Iron ore price cannot go up more and more as the demand will surely fall.
therefore AUD will fall and CHF is a nice currency known for being a "Safe Heavens"
China and Australian trade war brought fear to Australian market.
What we know is that China put tarrif on australian wines, bailey and stop delivery from theor shore of beef and Coal.
This action brought the Iron Ore price higher and China.
However Iron ore price cannot go up more and more as the demand will surely fall.
therefore AUD will fall and CHF is a nice currency known for being a "Safe Heavens"
Transaction en cours:
