Frank Holmes Talks Commodities and Currencies with CNBC London
During his time in Europe for Mines and Money London, Frank Holmes joins CNBC to discuss how commodities are performing around the world, particularly in various currencies.
During his time in Europe for Mines and Money London, Frank Holmes joins CNBC to discuss how commodities are performing around the world, particularly in various currencies. Frank starts by using the example of copper, stating that if investors are bullish on this commodity then it’s important they recognize which countries rely on it, such as Peru. He says assessing the commodity this way is a “two-for-one” deal because not only do you see copper prices rising in investment terms, the country’s currency is rising as well – historically the two track one another closely.
Frank says similar to the link between the Peruvian sol and copper, the Australian dollar has linked to iron ore, the Canadian dollar historically tracks oil prices and even the Colombian peso has had a correlation to oil and gas.
Watch the full interview to see what else Frank has to say about the commodity market and to find out what he’s looking at as we approach year end.
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