Mon, Jun 21, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

Aussie to Kiwi in Commodity Comeback Upend Year’s Favored Trades

Posted on 26 January 2016

Commodity currencies are making a comeback as increasing speculation central banks will step up stimulus revived demand for risk, upending this year’s favorite trades. The dollars of Australia and New Zealand climbed Monday, adding to gains from last week when they rose along with the currencies of Canada and Norway in anticipation of further stimulus from the European Central Bank.
Hedge funds added to bearish bets on commodity currencies in the week through Jan. 19, while building the most bullish yen position in almost four years. ECB President Mario Draghi is scheduled to speak Monday in a week when the Federal Reserve and Bank of Japan meet, with markets also speculating on monetary easing in China………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
June 2021
S M T W T F S
« Nov    
 12345
6789101112
13141516171819
20212223242526
27282930