International agency Moody's Investors Service issued a statement according to whichit predicts a further decline in iron ore prices in the world. It is worth mentioning that the price of iron ore from the beginning of this year decreased by 40%. The main reasons for this situation was the growth in the supply of ore to the market with the launch of new facilities in Australia and Brazil, which was the result of a competition of the largest producers of iron ore in the world Rio Tinto, Vale and BHP Billiton. In addition, demand for iron ore fell in China in connection with the crisis in the construction sector. Falling iron ore prices will have a negative impact on the Australian dollar, due to the fact that iron ore is a major export item for the country. In this regard, we recommend holding short positions on the Australian dollar with the potential of falling by 10% in the medium term.