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Commodity Currency's Slide As Crude Oil Prices Traded Lower

Commodity Currency's Slide As Crude Oil Prices Traded Lower

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as oil prices dropped after the U.S. President Donald Trump postponed imposing fresh tariffs and unveiled a plan to increase U.S. oil and gas production.
RTTNews | 12天前
Commodity Currencies Rise Amid Risk Appetite

Commodity Currencies Rise Amid Risk Appetite

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Tuesday amid risk appetite, as markets in the region cheered news that President-elect Donald Trump's economic team is discussing a cautious and slow approach in implementing tariff hikes to avoid an inflation spike.
RTTNews | 19天前