I found this on the CER post: It is strangely relevant to CER but actually pertains to commodities. Thanks to Dodgy1, hope he doesn't mind me pasting:
""Guys,
There is a direct relationship between commodity prices and the AUD. A rise in commodity prices equates to a rise in AUD. The correlation is amazingly similar.
Check out the SECOND chart in this link.
http://www.equitiesmagazine.com/article_followingforex_0409.php
Commodity prices are often quoted in USD however when contracts are settled, they are paid in AUD.
D1""
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