View full page at forexfactory.com

 

As lockdowns ease, commodity currencies cautiously move up

From reuters.com

The dollar wavered on Monday as investor optimism about the re-opening of economies around the world lifted commodity prices and exporters’ currencies, while talk of negative interest rates held the pound near an almost two-month low.Oil futures LCOc1 rose 3%, nudging the Canadian dollar CAD=D3 a touch higher. Dalian iron ore futures DCIOcv1 hit a record peak, helping lift the Australian dollar from a one-week low. As centres of the coronavirus outbreak from New York to Italy gradually lift restrictions, the improved sentiment also supported other Asian currencies. But tension between the United States and China ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis