ASX to slip, iron ore extends rally Share Iron ore’s latest surge is not done yet. Read the latest here. Roaring banks and miners lifted the ASX on Friday, read about it here. Australian shares are set to edge lower to start the week, even with iron ore as well as both the Dow and S&P 500 resetting their respective record highs. ASX futures were down 4 points or 0.1 per cent to 7055. The Australian dollar leapt 0.8 per cent to US78.44¢. The yield on the US 10-year - which plunged 10 basis points on the jobs data - ended up 1 basis point at 1.58 per cent in New York’s Friday session.