11.02.2016 - Commodity Currencies Fall Amid Rising Risk Aversion
Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Wednesday amid rising risk aversion, as worries about global economic growth continued to weigh on investor sentiment. Concerns about the health of European banks and the volatility in crude oil prices as well as other commodity prices have increased risk aversion. Traders also look ahead to Fed Chair Janet Yellen's testimony before the House Financial Services Committee later in the day. Yellen will be grilled on Capitol Hill about the condition of the U.S. economy and outlook for interest rates...............................................Full Article: Source
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