| A big part of the recent rally in commodities is due to currency effects, particularly the fall in the US dollar, but Goldman Sachs suggests we could see quite a few earnings upgrades in this half if commodities and currencies stay exactly where they are.
In a note to clients, Goldman Sachs points out higher commodity prices should bode well for local resource stocks, which weighed heavily on last earnings season. But a weakening US dollar and a lift in commodity currencies like the Aussie has meant resource stocks haven't had as much time in the sun as they might have hoped...............................................Full Article: Source
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