It’s the Aussie dollar in focus in the trading session following RBA and issues in Chilean copper mines

The Aussie dollar was very much in focus in this session with both an RBA statement overnight and also the ongoing issues in Chile. As a proxy currency for risk and closely associated with commodities the currency is windblown by commodity prices, supply and demand issues, and of course fundamentals from China. As Chile is the largest exporter of copper and with mines closed due to strikes this should help the currency. In addition, there is talk of the central bank sticking to the timetable for tapering, so plenty of reasons to watch the Aussie dollar over the next few weeks.

 

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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