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Commodity Currency's Slide As Oil Prices Drop, Fed Policy Announcement

Commodity Currency's Slide As Oil Prices Drop, Fed Policy Announcement

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday, as the crude oil prices fell amid concerns about the outlook for global demand, and possible excess supply in the market next year.
RTTNews | 5天前
Australian Dollar Rises On Upbeat Aussie Jobs Data

Australian Dollar Rises On Upbeat Aussie Jobs Data

The Australian dollar strengthened against other major currencies in the Asian session on Thursday, after the release of nation's upbeat domestic jobs data that dimed hopes for an early interest rate cut in 2025.
RTTNews | 11天前
Canadian Dollar Climbs After BoC Decision

Canadian Dollar Climbs After BoC Decision

The Canadian dollar strengthened against its major counterparts in the New York session on Wednesday, as the Bank of Canada cut the policy rate by 50 basis points and said that it will evaluate the need for additional easing.
RTTNews | 12天前
Commodity Currency's Slide As China Trade Data Disappoints

Commodity Currency's Slide As China Trade Data Disappoints

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, after data showed China's exports growth slowed in November and imports declined the most in 14 months, fueling worries about the health of the world's second-largest economy.
RTTNews | 13天前
Antipodean Currencies Fall Amid Risk Aversion

Antipodean Currencies Fall Amid Risk Aversion

Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid risk aversion, as traders remain cautious and are reluctant to make significant moves ahead of the release of the closely watched monthly U.S. jobs data later in the day that will offer clues on the U.S. Fed's interest rate moves. Political turmoil in South Korea and France also weighed on the investor sentiment.
RTTNews | 17天前