Intraday Market Thoughts

Aussie & Wheat's Inseparable Bond

by Ashraf Laidi
Mar 31, 2014 11:43

Forget about copper-Aussie corelation. As wheat prices surge to 11 month highs and the Australian dollar hits 4-month highs vs the greenback, It's time to remind of the correlation between Australia's currency and prices of wheat, owing to the nation's role as the world's 7th largest exporter of the crop. Full charts & analysis

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Aussie & Wheat's Inseparable Bond - Aussie Wheat Mar 28 (Chart 1)


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