Mar
13

Commodity Dollars Supported as Equity Gains Bolster Confidence

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Commodity currencies were supported as a rebound in global equities outweighed signs of a slowdown in China, the largest export market for Australia and New Zealand.

The Aussie, kiwi recovered losses Monday and Canada’s loonie pared declines as an index of Asian stocks advanced for a third day on the back of stronger shares in the U.S. and Europe on Friday. The commodity currencies initially started weaker after the world’s second-largest economy reported lower-than-forecast retail sales and industrial production on Saturday…

Commodity Dollars Supported as Equity Gains Bolster Confidence

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