Monday November 17, 2008 - 15:57:29 GMT
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FX Blog- GVI Forex Analysis: Commodity Currencies, Gold and Oil November 17, 2008
Commodity Currencies, Oil and Gold
- The commodity currencies (AUD and NZD) are trading mixed vs. the USD. Currently from Friday closes, the largest move now is the lower CAD. The USD is broadly mixed against the major currencies.
- The JPY is about steady despite lower stocks. Traders are taking a neutral risk aversion profile.
- Crude oil is holding above the $55.00 line. Gold is trading easier.
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