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Australia commodity index up

Posted on 02 August 2012

Australia’s export commodity prices rose slightly in July after hitting a 16-month low in May and rising only a fraction in June. The Reserve Bank of Australia’s (RBA) index of commodity prices in July was 1.3 per cent higher in foreign currency terms than in June, extending the rise of 0.3 per cent in the June figure over May.
The price index is measured in terms of special drawing rights (SDRs), an average of four major currencies - the US dollar, euro, Japanese yen, and British pound………………………………………..Full Article: Source


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