23.10.2014 - Oil price slide hits commodity currencies
The funk over global growth that gripped markets last week sent exchange rates into wild gyrations. But even in the worst of the turbulence one trend was clear: the underperformance of currencies exposed to the slide in oil prices. The dollar fell against most major currencies as investors – previously betting on its rapid appreciation – pushed back expectations for the first rise in US interest rates. Norway’s krone and Canada’s dollar, which ended the week flat after touching respective four and five year lows against the dollar, were the exceptions...............................................Full Article: Source
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