Australian December commodity index readings 3 Jan
- commodity index AUD 116.8 vs 106.9 prev revised down from 109.7
Another strong reading in light of recent generally firmer commodity prices.
Commodity Prices measures the change in the selling price of exported commodities. The commodity sector accounts for over half of Australia's export income.
AUDUSD 0.7232 just off session highs as its strong showing in Asia continues.
Expect offers/res into 0.7250. Support/bids building at 0.7220 with larger interest expected into 0.7200
