AUD/USD: metals boosting upside – Scotiabank

By FXStreet 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.”
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Source:: FX Street