| The currencies of commodity-exporting countries resumed their slide against the dollar Monday as oil prices halted a recent sharp rally and plunged again on renewed concerns about oversupply.
Currencies including the Colombian peso, the Russian ruble and the Canadian dollar all depreciated against the dollar after China reported on Monday that its diesel usage in 2015 fell from the prior year. On the same day, the chairman of the Saudi Arabian Oil Co. said that the state-run oil company can withstand low oil prices for “a long, long time,” reiterating the kingdom’s commitment to oil production...............................................Full Article: Source
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