archivetrade surplus

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday amid risk appetite, following the broadly positive cues from Wall Street overnight, as traders across most markets are picking up stocks at a bargain after the recent strong sell-off amid fears about the world's largest economy slipping into recession. Crude oil prices settled modestly higher, snapping a four-session losing streak, as the shutdown of Libya's 270,000 barrel per day Sharara oil field offered mild support. West...