[BCS] Forex. Commodity currencies. Australian dollar and gold



Australian dollar is one of the commodity currencies actively traded on the Forex market. The reasons of such popularity of the volatile AUD are the Australian high key interest rate, stability of the national economy, and close relationship between the currency and gold. Australia is one of the world’s largest producers of gold. The precious metal’s share in the country’s exports is about 7 percent (ranked third after coal and iron ore exports). An increase in global gold prices boosts Australian economic growth and strengthens its national currency. Read more: http://www.mt5.com/commodity_currencies/quotes/australian_dollar/

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