Wednesday November 5, 2008 - 16:22:49 GMT
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FX Blig- GVI Trading Outlook: Commodity Currencies, Oil and Gold for November 5, 2008
Commodity Currencies, Oil and Gold
- Two of the commodity currencies (AUD and CAD) are all trading weaker vs. the USD. This is a divergence from the mostly lower USD. The kiwi is better.
- The JPY is trading better in line with weaker U.S. shares on a risk aversion play.
- Crude oil has fallen following weekly energy inventory data. Gold is down as well.
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