Currency Note Worldwide

Discouraging news for commodity currencies

By Ricky Bean December 9th, 2015

Yesterday the Canadian economy enjoyed some brilliant data from building permits, which came out 6.1% above what was expected. However, this was not enough to save the Canadian dollar as the OPEC rate decision to not put a ceiling on oil production softened all commodity currencies. The South African rand and Australian dollar also underperformed against a weak sterling.

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