AUD Commodity Prices y/y

AUD Commodity Prices YoY

AUD Commodity Prices YoY :

SourceReserve Bank of Australia (latest release)
MeasuresChange in the selling price of exported commodities;
Usual Effect‘Actual’ greater than ‘Forecast’ is good for currency;
FrequencyReleased monthly, on the first business day after the month ends;
Next ReleaseJun 1, 2021
FF NotesCommodities account for over half of Australia’s export earnings. Source changed series calculation formula as of Nov 2009;
Why Traders
Care
It’s a leading indicator of the nation’s trade balance with other countries because rising commodity prices boost export income;
Derived ViaThe average selling price of the nation’s main commodity exports are sampled and then compared to the previous sampling;
Also CalledIndex of Commodity Prices;

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