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Commodity Currencies Rebound After Oil Rise

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Doha Summit Failure and Kuwait Oil Strike Made for a Volatile Weekend for Crude Volatility in energy prices and a return of risk appetite have pushed commodity currencies upwards after prices tumbled at the Asian open on Monday. The Australian dollar (AUD), New Zealand dollar (NZD) and the Canadian dollar (CAD) have been the biggest winners in the aftermath of the Doha oil freeze agreement failure which drove currencies lower before the Kuwait oil strike did something not even Organization of

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