Home AUD bearish news: China’s copper, iron ore and oil imports dropped in June

AUD bearish news: China’s copper, iron ore and oil imports dropped in June

Updated: 13 Jul. 2018 | 06:57

China’s imports of top Aussie exports – copper, iron ore – dropped in June, the official data released today showed. Consequently, the Australian dollar (AUD) may remain on the defensive.

Key points (Source: Reuters)

Copper: China imported 448,000 tonnes in June vs 470,000 tonnes in May.
Iron ore: China imported 83.24 million tonnes in June vs 94.13 million tonnes in May.
Crude oil: China imported 34.35 million tonnes vs 39.04 million tonnes in May

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