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Commodities Currencies
Posted on June 27, 2008
Another post special just for the Australian and Canadian dollar: as you know, they are called commodities currencies as Australian dollar follows gold, as Canadian usually moves with oil; well oil has hit a new record high: crude oil futures rises above $141 a barrel in early London trade, while gold is above 922.00 dollars. That s sending both currencies up against greenback, with AUD very close to it s record high (quoting right now at 0.9621, only 35 pips away) a correction seems likely before the upside continuation above that maximum. Meanwhile Usd/Cad is very close to a key supp...
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