Scoreboard: Iron ore squeeze

The fall in the iron ore price took some of the wind out of the Australian dollar’s sails, while tech stocks drove the Nasdaq higher.

Well, what to say? There was a distinct lack of action across most markets last night and a distinct lack of news. Data-wise we only saw European construction figures and they weren’t great, falling 0.6 per cent in March. Then again, that comes after a 0.4 per cent gain the month prior and construction is rising -- up over 5 per cent for the year. Not bad overall.

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