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Oil prices intraday rally lifted the commodity currencies; U.S. Dollar tumbled

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The greenback plunged against all of its G10 majors on Monday and early Thursday with only exception the Japanese yen. The euro was broadly lower due to concerns for the consequences to the European Union of a possible Brexit while the British Pound gained ground versus the other G10 currencies.The intraday oil prices rally lifted the commodity currencies with AUD/USD surging near 1.7% and USD/CAD plunging near 1.6%. The USD/JPY is traded at its lowest levels since October 2014. U.S. dollar

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