Trade tensions continue to escalate between the two countries
The battle rages on and will likely stay that way for some time yet, but just know that both sides will continue to skirt around iron ore - something that either side cannot afford to touch. Hence, the market may still turn a blind eye to all of this.
The larger theme of a more positive risk outlook in the next few years is still a strong fuel to keep the aussie running when looking at the big picture of things.
