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15 Apr 2015
Commodities overview; Aussie traded on greenback weakness - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted the trading activity overnight in the commodities sector, while the AUD/USD benefited from the US dollar weakness.
Key Quotes:
"The iron ore rally continued with spot printing up 4% on the day at $50.78/tonne. Futures were about flat in NY."
"Gold traded poorly from late Asia to the London morning when it probed under $1185 but benefited from the USD selloff, recovering to $1193/oz."
"Brent crude oil gained for the fourth straight session, up 0.9%. COMEX copper closed -0.7%."
Key Quotes:
"The iron ore rally continued with spot printing up 4% on the day at $50.78/tonne. Futures were about flat in NY."
"Gold traded poorly from late Asia to the London morning when it probed under $1185 but benefited from the USD selloff, recovering to $1193/oz."
"Brent crude oil gained for the fourth straight session, up 0.9%. COMEX copper closed -0.7%."