28.05.2013 - Is it all downhill for commodity currencies?
The recent sell-off in commodity currencies triggered by a fall in demand for resources and the rush to buy U.S. dollar, may continue, say analysts, as the need to diversify capital dwindles. Commodity prices have been hammered by worries that China's economic recovery is slowing, along with the U.S Federal Reserve hinting at a possible cutback to its stimulus plans, which is boosting the U.S. dollar. Richard Yetsenga, head of global markets research, ANZ said the trend of diversifying capital by buying commodity currencies is reversing and weakness in this asset class will continue.........................................Full Article: Source
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