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AUD/USD: metals boosting upside - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Scotiabank explained current conditions surrounding AUD/USD.

    Key Quotes:

    "Higher commodities, stronger stocks and a weaker USD broadly are supportive for the out‐performing AUD.

    In particular, Glencore’s announcement of large zinc production cuts prompted the biggest one‐day rally in the metal’s price, according to Bloomberg, aiding the AUD rally."
    For more information, read our latest forex news.

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