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Commodity Currency's Slide As Crude Oil Price Drop

Commodity Currency's Slide As Crude Oil Price Drop

The commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday, after the crude oil prices have moved lower following active shipping movements across the Strait of Hormuz since its reopening, which eased supply disruption concerns.
RTTNews | 2日前
Antipodean Currency's Slide Amid Risk-off Mood

Antipodean Currency's Slide Amid Risk-off Mood

The antipodean currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as Asian stock markets traded lower amid continued uncertainty about the progress in the ongoing peace talks to end the Middle East war and the related complete opening of the Strait of Hormuz. Meanwhile, the US granted Iran a 60-day license to sell oil on global markets, boosting expectations for a faster recovery in crude oil supply.
RTTNews | 3日前
Hawkish Fed Supports Dollar as Oil Weakness and Political Risks Pressure Major Currencies | 23rd June, 2026

Hawkish Fed Supports Dollar as Oil Weakness and Political Risks Pressure Major Currencies | 23rd June, 2026

The US Dollar remained dominant as expectations of a hawkish Federal Reserve supported demand for the Greenback. Improving US-Iran relations and the lifting of sanctions on Iranian oil exports increased global supply expectations, pressuring crude oil prices. Meanwhile, political uncertainty in the UK and weaker commodity markets weighed on the Pound, Canadian Dollar, and Australian Dollar.
Moneta Markets | 3日前
Commodity Currency's Slide As Traders Remains Cautious

Commodity Currency's Slide As Traders Remains Cautious

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as investors still remain cautious despite US President Donald Trump's announcement that a memorandum of understanding (MoU) has been reached to terminate the crisis and reopen the blockaded Strait of Hormuz.
RTTNews | 10日前