The Australian dollar tumbled on Thursday after customs at China's northern Dalian port banned imports of coal from major supplier Australia. The Aussie was down 0.85 percent at $0.7102. The currency was already on the back foot after a forecast of an interest rate cuts from a major Australian bank earlier on Thursday. The indefinite ban on coal imports from Australia, effective since the start of February, comes as major ports elsewhere in China prolong clearing times for Australian coal to at least 40 days. Source : Reuters

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PRECIOUS METALS
Gold Steady Near 10-Month High on Trade Talk Hopes
Thursday, 21 February 2019 13:24 WIB Gold rose to near a 10-month high amid renewed optimism over progress in the ongoing U.S.-China trade talks, even as minutes from the Federal...
ENERGY
Oil Holds Gain After Industry Report of Smaller Inventory Boost
Thursday, 21 February 2019 09:45 WIB Oil held gains near the highest level in three months after an industry report showed crude stockpiles in the U.S. rose less than expected while...
CURRENCIES
Aussie Slides as China's Dalian Port Bans Australian Coal Imports
Thursday, 21 February 2019 13:34 WIB The Australian dollar tumbled on Thursday after customs at China's northern Dalian port banned imports of coal from major supplier Australia. The...

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