Commodity Currencies Are Struggling

The commodity bloc currencies have been hit hard of late and are once again extending declines to multi-month lows against the US Dollar.

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The commodity bloc currencies have been hit hard of late and are once again extending declines to multi-month lows against the US Dollar. We are seeing a clear divergence in monetary policy outlooks, with deteriorating economic data in Australia, New Zealand, and Canada weighing on the respective currencies.

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