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15 Dec 2014
Commodity currencies and pound lagging - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that at the start of this week, markets were once again led by declining oil prices.
Key Quotes:
“…with the commodity setting the tone for the rest of the financial assets across the world”.
“An early decline in the commodity was diluted with European markets opening, as local equities traded in the green for most of the session, dragging the dollar down across the board”.
“With the American opening however, better than expected US Industrial Production readings gave the greenback a lift against most rivals that lasted until the barrel fell down to $55.87 a barrel, fresh multi-year low”.
“Stocks closed in red, and dollar gave back some ground, holding however its gains particularly against the commodity currencies and the Pound”.
Key Quotes:
“…with the commodity setting the tone for the rest of the financial assets across the world”.
“An early decline in the commodity was diluted with European markets opening, as local equities traded in the green for most of the session, dragging the dollar down across the board”.
“With the American opening however, better than expected US Industrial Production readings gave the greenback a lift against most rivals that lasted until the barrel fell down to $55.87 a barrel, fresh multi-year low”.
“Stocks closed in red, and dollar gave back some ground, holding however its gains particularly against the commodity currencies and the Pound”.