Australia is now less sensitive to China, but Chinese growth is likely to be enough to keep the iron ore price elevated.

China’s approach to its currency, the renminbi (RMB), remains a hot-button issue, especially with the United States.

The dollar index (DXY00) on Tuesday rose by +0.55%. The dollar received support as the 10-year T-note rose +5 bp and the 30-year T-bond yield rose back above 5% for the first time in 1.5 months. The ...