| 11.11.2008 - Bad crop: commodity currencies |
| From WSJ: In currency markets gripped by turmoil, investors have targeted one group for special punishment: big commodity exporters. This cluster includes the currencies of countries like Canada, Australia and New Zealand, which have significant exports of natural resources and agricultural goods. With the global economy headed toward recession, weakening demand for everything from oil to iron ore, these currencies could face a further battering..... Full Article: Source |