New Overnight Developments Abroad: Commodity Currencies Stronger
March 20, 2009
Gold firmed another 0.4% to $962.90 per ounce and has advanced 7.2% over the ten days since March 10, buoyed partly by concerns that Fed stimulus will spark inflation. Oil eased 0.8% but remains above $50 at $51.20 per barrel. Commodity-sensitive currencies climbed further against the greenback: kiwi up 1.0%, Australian dollar +0.8%, and Canadian [...]
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