Is the Australian dollar a copper currency?

See the latest Australian dollar analysis here:

Australian dollar climbs with global stock surge

Sometimes correlation is not causation. Take this from Citi:

USD strength

Last week’s major themes in spot FX include:·USD strengthened broadly (0.9% in broad NEER terms; BBDXY up 0.7%; EURUSD down 0.9%) against major currencies as rising concerns around third Covid wave paused the reopening optimism and led to risk reduction across markets, although the risk-off sentiment faded into the weekend with equities and commodities recouped part of the sell-off.

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