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Metals and Oil Dragging Commodity Currencies Higher

From forex.com

Gold, Silver, and Oil all moved higher today and as a result brought many of the commodity currencies with them. The Australian Dollar and the New Zealand Dollar are putting in highs vs the US Dollar not seen since late July as both Gold and Silver are breaking above key levels trendlines and catapulting higher. Take a look at the price action below to see how the commodities and currencies are moving together. Gold: {image} Silver: {image} AUD/USD: {image} NZD/USD: {image} Similarly, with West Texas Intermediate Crude Intermediate Futures moving higher, it is also carrying the Canadian Dollar and the Norwegian Krone ... (full story)

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  • Category: Fundamental Analysis