Forex Dictionary

Commodity Prices

Commodity Prices

Measures Change in the selling price of exported commodities; Usual Effect Actual > Forecast = Good for currency; Frequency Released monthly, on the first business day after the month ends; Next Release Oct 1, 2008 FF Notes Commodities account for over half of Australia's export earnings; 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 Via The average selling price of the nation's main commodity exports are sampled and then compared to the previous sampling; Also Called Index of Commodity Prices;