interesting link from dodgy1

  1. 956 Posts.

    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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