Rising oil prices boosted the commodity currencies, such as the Canadian dollar and the Australian dollar. Crude Oil hit record high at 92.22 per barrel yesterday. The Canadian dollar strengthened to 0.9592 versus the dollar, while the Australian dollar rallied to 0.9176 against the dollar. With increasing demand of gas in the coming winter, oil prices are likely to surge higher.
Oil Price Boosted CAD & AUD
Posted by HARWIN at 7:40 AM
Labels: canadian dollar, commodity, crude oil, oil price
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