Email of the day on copper in AUD
Comment of the Day

January 07 2015

Commentary by Eoin Treacy

Email of the day on copper in AUD

Is there a way to use the Chart library service for Copper prices in AUD?

Eoin Treacy's view

Thank you for this question. Yes, you can select copper from the search or menus and divide by the Australian Dollar spot rate. Please follow these instructions:

1. Select copper using either the menus or the search. The Comex front month contract is HG1 or the LME 3-month contract is LMCADS03.
2. Click on Charting
3. From the resulting menu select Australian Dollar Spot from the Relative Dropdown menu
4. Ensure that that the accompanying dropdown to the right is set to ratio. 
5. Hit Apply. 

As you can see from this chart the weakness of AUD has stabilised pricing for a number of commodities from an Australian perspective. This will be at least a partial comfort for miners and is also a contributory factor in how steady the stock market has been in local currency terms. 

 

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