AUDUSD Terminal Overview :
We can observe that the Australian Dollar increased much more in the DXY downward phase than other major currencies.
It is clear that this is from commodity attacks because Australia is a commodity country.
It is one of the countries where commodity production is most intense.
Let's take note that when there is a strengthening in the U.S Dollar Index, Australian Dollar is one of the most influential currencies, along with the commodities!
Regards.
We can observe that the Australian Dollar increased much more in the DXY downward phase than other major currencies.
It is clear that this is from commodity attacks because Australia is a commodity country.
It is one of the countries where commodity production is most intense.
Let's take note that when there is a strengthening in the U.S Dollar Index, Australian Dollar is one of the most influential currencies, along with the commodities!
Regards.