Short Australian Dollar #forex #commodities

Basically due to fundamentals like cheap oil, iron ore, coal and metals like copper.
Main consumer worldwide and in this region is China.
China's economy is slowing down after years of +7% growth.
tradingeconomics.com/china/gdp-growth-annual
tradingeconomics.com/china/business-confidence

One of China's big supplier is Australia. atlas.media.mit.edu/en/visualize/tree_map/hs92/import/chn/aus/show/2013

Australia's currency devalues with cheap commodities .