“The Canadian dollar is seen as a commodity currency and metal prices have been going up across the board, commodity prices are up.”
“Given the increased correlation between base and precious metals over recent months, any further weakening in base metal prices would be a distinct drag on gold.”
“The strong price action and impressive technical trends in various currencies suggest prices should remain elevated in 2006.”
“The path of least resistance for the Australian dollar is down. Base-metal prices are likely to continue to come off a bit as inventories rebuild.”
“It's the metal price that's clearly driving it. To some extent, costs are better, but metal prices are the game for an aluminum company.”
“The rand, as a commodity-based currency, should benefit from the surge in precious metals' prices as it has in recent times.”
“We are expecting a reasonably soft number, which could undo some small dollar gains we have seen against European currencies.”
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