Llewellyn-Smith Dispels Copper-AUD Relationship Myth
Australia's currency and copper prices are unrelated, according to David Llewellyn-Smith, Chief Strategist at the MB Fund and MB Super.
Llewellyn-Smith, who is also the founding publisher and editor of MacroBusiness, made this statement in a recent discussion on the topic.
The Australian dollar has been closely tied to commodity prices, particularly copper, due to its importance in Australia's economy. However, Llewellyn-Smith argues that this relationship does not exist.