Commodities — News Archive

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Aussie Heads Higher on Yuan, But Gains Likely Short-Lived

The Australian dollar is higher today, thanks in part to the recent decision to strengthen the yuan. However, the gains are likely to be short-lived, as the Australian economy relies heavily on China.

CAD Falls to Record Low Since 2003 vs. USD

The Canadian dollar fell to the lowest level in more than a decade against the US dollar during the Wednesday’s trading session. The currency was also lower against other major peers, hurt by both domestic and overseas news.

China Continues to Help Australian Dollar

The Australian dollar gained today on hopes that China, the biggest Australian trading partner, will stimulate its economy. The Aussie rallied against the US dollar and demonstrated small gains against other major currencies.

US Dollar Index Extends Rally and Erases October Losses

US dollar index is extending its recent rally, and between yesterday and today has erased its earlier losses in October. Thanks to expectations for a Federal Reserve rate hike sometime in late 2015 or early 2016, plus policy divergence expectations, the greenback is surging against its major counterparts.

Canadian Dollar Suffers Together with Commodities

The Canadian dollar slumped today as China’s not-so-good macroeconomic data dragged prices for raw materials down, hurting commodity-linked currencies along with them.

South African Backs Off vs. US Dollar

The South African rand fell against the strong US dollar today. The currency still performed relatively well due to the help of rising commodity prices.

Australian Dollar Little Changed After CPI Meets Expectations

The Australian was little changed today, trading slightly below the opening level but far above the session lows. In fact, the currency barely moved during the past couple of weeks.

CAD Rallies vs. USD as Crude Oil Halts Decline

The Canadian dollar gained on its US peer today as crude oil prices steadied, helping the loonie to halt its decline. The Canadian currency did not fare as well against other major rivals, being flat against the Japanese yen and sinking versus the euro.

South African Rand Races Down

The South African rand was one of the weakest currencies on the Forex market today. The reason for such poor performance was the decline of prices for raw materials.

US Dollar Struggles, Supporting Commodities

US dollar is struggling today, and that is helping commodities as the greenback drops against its major counterparts. Dollar is also lower as Forex traders position themselves for a Greek bailout deal and look to the future.

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