Australian dollar looks like a buy relative to US dollar.
The Australian dollar the copper have a high correlation of movement between them. Copper has recently made new all time highs in US dollar terms.
The Australian dollar has not made a move yet versus the US dollar while many other commodities have made upwards moves. Australia is a natural resources rich continent with many commodities and it typically booms when commodity prices are high.
I think with a coming reevaluation of the US dollar, many people will reprice currencies of countries with a high concentration of commodities higher against the US dollar, essentially backing a country's currency with its commodities.
The Australian dollar the copper have a high correlation of movement between them. Copper has recently made new all time highs in US dollar terms.
The Australian dollar has not made a move yet versus the US dollar while many other commodities have made upwards moves. Australia is a natural resources rich continent with many commodities and it typically booms when commodity prices are high.
I think with a coming reevaluation of the US dollar, many people will reprice currencies of countries with a high concentration of commodities higher against the US dollar, essentially backing a country's currency with its commodities.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.