Aussie dollar climbing… is the iron ore trade back on?
Simandou, one of the world’s most significant iron ore developments, is set to challenge the Pilbara’s dominance soon.
Visual Capitalist’s latest infographic explains that measuring market data with fiat currencies can be misleading.
An asset may rise in dollars, euro or yen, but if the currency in question has declined in value over time, then true economic progress may be just an illusion.
Have a look:
