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Commodity Currencies Rise

Posted on 19 April 2016

Failure by oil producers to reach production deal had triggered selloffs in currencies of commodity exporters. The currencies of several commodity-exporting nations rose Monday even though oil producers failed to reach an agreement on curbing output over the weekend.
The dollar was recently down 0.2% against the Canadian dollar at C$1.28 after being up as much as 1.3% earlier in the day. The Australian dollar rose 0.3% to $0.7745. On Sunday, oil producers that supply almost half the world’s crude met to negotiate a production freeze intended to strengthen prices………………………………………..Full Article: Source


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