Australian Dollar May Gain as Export Prices Advance to a Record on Metals

(Bloomberg) -- The Australian dollar may gain after last week's decline as the price of commodities the country exports rose to a record.

The Westpac Commodity Futures Index, an export weighted average of exchange-traded commodity futures prices, advanced 1.3 percent to a record as metals including copper and nickel gained. Australia's currency has gained 6.3 percent over the past 12 months on price gains in raw materials, which make up about 14 percent of the country's economic growth.


Read more at Bloomberg Currencies News