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Currencies

Commodity Currencies Fall As Crude Oil Prices Drop

The commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the European session on Thursday, as the crude oil prices dropped giving up earlier gains on hopes that U.S.-Iran peace negotiations could resume.Brent crude futures for August delivery were down 0.8 percent at $92.32 a barrel, reversing gains from earlier in the session after the U.S. military said that it had 'completed' its latest round of airstrikes targeting Iran. WTI crude futures fell half a percent to $89.54. Subscribe to continue...
Currencies

Antipodean Currencies Fall Amid Risk-off Mood

The antipodean currencies such as the Australia and New Zealand dollars weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower hurt by tumbling technology stocks which mirrored their peers on tech-heavy Nasdaq amid concerns about valuations. Additional weakness came from escalating Middle East conflict after reports that Iran launched missiles at Israel, raising doubts over the durability of the already fragile US-Iran ceasefire. The Iranian attack followed Israeli strikes in Beirut, with Iran warning of further attacks if Israel expands its military...