JohnKicklighter
Long

AUDNZD - A Commodity Driven Currency Like USDCAD?

FX:AUDNZD   Australian Dollar / New Zealand Dollar
172 1 5
We know the USDCAD-Oil correlation. It seems to be a favorite for those that track cross asset relationships, and the fundamental link makes sense. However, here is one that you may not consider: AUDNZD             . Both are commodity currencies, but one is known for 'hard' and the other 'soft' commodities . So, I overlaid the exchange rate with a Gold-Live Cattle comparison. Long-term relationship remarkably strong.
Wants to see dailfx weekly recap in this week-end... today's minutes' price action was confusing...
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