The fall in oil prices is not limited to the Canadian dollar: also other commodity currencies are sliding and safe haven currencies are on the rise, with the euro, yen and even the Swiss franc making gains. Where does this leave the dollar and the pound? Somewhere in the middle, with sterling failing to really recover and the dollar already looking towards the all-important Fed decision next week. Oil faces another test with inventory data.and the relatively stable commodity currency, the kiwi, faces a rate decision. We discussed technical levels on AUD/JPY, GBP/CAD and also the S&P 500.
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