archiveU.S. dollar

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as Asian shares traded lower dragged by the tumbling Hong Kong market. Traders also reassessed their expectations for the outlook on interest rates after upbeat U.S. jobs data. Escalating tensions in the Middle East is also weighing on market sentiment. The Australian dollar fell after the remarks made by Zheng Shanjie, the chairman of China National Development and Reform Commission at the press conference. The investors...

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...