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Copper soaring Takes AUDUSD higher

BY: @gregmcleodtrader | CREATED: Dec. 28, 2017, 7:27 a.m. | VOTES: 1 | PAYOUT: $0.00 | [ VOTE ]

Copper soaring Takes AUDUSD higher. Australia is one of the largest producers of copper and benefits from rising copper prices. Copper is used in pipes, wires, and other infrastructure. Demand for copper indicates a robust and thriving world economy.
Copper is referred to by traders as "Dr. Copper" because of its strong correlation with global growth.

Courtesy of www.myforexheatmap.com

TAGS: [ #investing ] [ #copper ] [ #australiandollar ] [ #audusd ] [ #dollar ]

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