China says it will take action to ensure the stability of iron ore pricesBy 'price stability' the regulator means driving the price lower. Says it will strengthen market supervision, crackdown on price irregularities & hoardingIron ore is, of course, Australia's #1 export to China, Price movement in iron ore impacts AUD.
Source: China says it will take action to ensure the stability of iron ore prices (https://www.forexlive.com/news/china-says-it-will-take-action-to-ensure-the-stability-of-iron-ore-prices-20220209/)
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