Thursday November 6, 2008 - 16:28:29 GMT
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FX Blog- GVI Forex Analysis: Commodity Currencies, Gold and Oil November 6, 2008
Commodity Currencies, Oil and Gold
- The commodity currencies (AUD, CAD and NZD) are all trading weaker vs. the USD. This is in line with the mostly higher USD.
- The JPY is trading better in line with falling U.S. shares on a risk aversion play.
- Crude oil has fallen despite bullish weekly natural gas inventory data. Gold is down as well.
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