Australian dollar recently rose sharply from lows earlier this month, the cumulative increase has been more than 850 points, mainly due to commodity prices back up, and optimism in the euro area, driven by non-US total rise effects. Australian dollar up to date is still a lack of strong fundamental support. ...ROCO Currency: Australian dollar continued to have difficulty rising, demand slowed or suppressed commodity prices (Chart)
Thursday, October 13, 2011
ROCO Currency: Australian dollar continued to have difficulty rising, demand slowed or suppressed commodity prices (Chart)
Australian dollar recently rose sharply from lows earlier this month, the cumulative increase has been more than 850 points, mainly due to commodity prices back up, and optimism in the euro area, driven by non-US total rise effects. Australian dollar up to date is still a lack of strong fundamental support. ...ROCO Currency: Australian dollar continued to have difficulty rising, demand slowed or suppressed commodity prices (Chart)
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