Tuesday, January 4, 2011

Reserve Bank of Australia Commodity Index - Long Way Down

The RBA - The Reserve Bank of Australia -  released Index of Commodity Prices for December 2010.

From it's statement "Preliminary estimates for December indicate that the index rose by 3.2 per cent (on a monthly average basis) in SDR terms, after rising by 1.2 per cent in November"

SDR's are "Special Drawing Rights" essentially a basket of major currencies - see SDR Valuation from the IMF

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