The mystery of yen strength and the benefits of commodity currencies

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    One interesting feature of the past few days has been the strength in commodity currencies. The Australian dollar, the New Zealand dollar and the Canadian dollar have been some of the best performers of the past weeks, in the absence of any significant action in major pairs. The reason has maybe more to do with the oil price. Oil is managing to hold on to the $40 level for now and this is lending support to these currencies – particularly the Canadian dollar. There are expectations that major

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