Australian dollar retains ground on climbing gold, copper prices
January 19, 2015 4:52 am
The Australian dollar held its momentum above 82 US cents because of rising gold and copper prices.
On Monday, the Aussie closed at 82.32 US cents from Friday’s 82.34 US cents. During the morning, the currency traded between 82.17 US cents and 82.38 US cents.
“The Australian dollar is consolidating gains made on last week’s very strong local jobs figures,” said Sean Callow, Senior Currency Strategist at Westpac.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar held its momentum above 82 US cents because of rising gold and copper prices.
On Monday, the Aussie closed at 82.32 US cents from Friday’s 82.34 US cents. During the morning, the currency traded between 82.17 US cents and 82.38 US cents.
“The Australian dollar is consolidating gains made on last week’s very strong local jobs figures,” said Sean Callow, Senior Currency Strategist at Westpac.
The material has been provided by InstaForex Company – www.instaforex.com
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