Australian Dollar Gains on Commodities

- May 6th, 2011

The Street reports that the Australian dollar was surpassing the U.S. dollar and more than two dozen other currencies as commodities climbed higher today.

The Street reports that the Australian dollar was surpassing the U.S. dollar and more than two dozen other currencies as commodities climbed higher today.

The market news is quoted as saying,

July copper futures were rising 1.2% to $4.047 a pound and the June gold contract was rising 0.7% to $1,491.70 an ounce Friday morning. Palladium for June delivery was up 2.3% to $727.25 an ounce. Copper producer Freeport-McMoRan (FCX) was rising 3.1% to $51.38 and peer Southern Copper (SCCO) was up 0.8% to $35.48. Palladium miner North American Palladium (PAL) was up 3.8% to $5.76.

For the complete market news, click here.

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