| Investors pushed back hard against the US dollar on Wednesday, providing relief for commodity currencies and enabling them to recover some of the ground lost in the wake of the dramatic fall in the price of oil this week. The greenback fell against most of its partners, including the yen, sterling and the euro, which was heading towards $1.10, as the volatility that afflicted commodity currencies in the first half of the week spread to other foreign-exchange pairs.
Steep selling in the currencies of commodity producers, a dominant FX theme this year, seemed to have eased, only to return with a vengeance as the oil price plunged to a seven-year low after a contentious Opec meeting last week...............................................Full Article: Source
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