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414 Posts.
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14/05/09
07:09
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Defab,
In the same way that the commodity price index leads the AUD/USD trend, the 'Baltic Dry Index' is usually a good precurser to commodity prices.
See this link:
http://www.wikinvest.com/stock/Baltic_Dry_Index_-_BDI_(BALDRY)
Where as daily fluctuations of the dollar are notoriously hard to pick, a reference to the BDI will usually confirm a trend.
Forgive me for preaching if you know this, but I am an importer an I constantly moniter the AUD to USD,Euro and GBP, forever trying to pick AUD highs.
D1
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