Rising commodity currencies , with the rise of oil to the highest level in 7 months

Views 45 Date 05/17/2016 - 18:57

Economy News / Agencies ...

Currency-related commodities, rose on Tuesday, with oil reaching its highest level in six months, while risk appetite has led to weak demand for the yen and the dollar ahead of US inflation data later on Tuesday.

The Australian dollar was the biggest gainer among the major currencies and increased 1.2 percent against its US counterpart.

The surge in oil boosted the Australian dollar, which also found support in the publication of the RBA Meeting Minutes (Central) who reduced expectations for lower interest rates.

Coin Norway recorded oil-exporting state their highest level in two weeks to up to 9.2092 kroner to the euro also climbed the Canadian Ataran and Alnioselnde.onzl dollar index, which tracks the US currency's performance against a basket of six other currencies 0.2 percent to 94.414 away from its highest level in three weeks of 94.845 hit on Friday.

The euro and the yen only two currencies were lower against the dollar since the single currency went down 0.1 percent and the Japanese currency 0.4 percent with investors' appetite for high-risk Alosoal.

Content link