Tuesday November 18, 2008 - 16:02:46 GMT
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FX Blog- GVI Forex Analysis: Commodity Currencies, Gold and Oil November 18, 2008
Commodity Currencies, Oil and Gold
- The commodity currencies (AUD and NZD) are trading higher vs. the USD. The CAD was last about steady on the day. The USD is mixed to higher against the major currencies.
- The JPY is weaker vs. the USD. This comes following higher stocks. Traders are taking a mixed risk aversion profile.
- Crude oil is barely holding the $55.00 line. Gold is a bit firmer. Wednesday sees the release of weekly energy inventories.
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