Copper watch: what's Dr Copper saying?
Copper's nickname — the metal with a PhD in economics — comes from its ability to read global growth. The copper price is a growth forecast published daily.
What are you seeing?
- how copper is trading and what it implies
- the currencies most sensitive to it (AUD, CLP, ZAR)
- how copper fits your growth view
Background: commodity currencies for the transmission.
Background: Commodity currencies explained: the Australian, New Zealand and Canadian dollars and the Norwegian krone
Why the currencies of big commodity exporters move with iron ore, dairy and oil prices, what each country actually exports, and when the link weakens.
What are commodity currencies?
Currencies of countries where commodity exports are a large share of trade, such as the Australian dollar (iron ore), the New Zealand dollar (dairy), the Canadian dollar (oil) and the Norwegian krone (oil and gas).
Why does the Australian dollar follow China?
Iron ore is Australia's largest export and much of it is sold to China, so Chinese demand and data affect Australia's export income and its currency.
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