News that Chinese imports were lower in June (released over the weekend) has commodities like copper and oil trading with a weak tone today.
Oil ends the day down $1.21 to $74.88 and copper closed at 299.75, down $5.25.
Commodity currencies are holding up pretty well; they are off their recent highs only by a smidgen. USD/CAD trades at 1.0370. It dipped just below 1.0300 briefly on Friday. AUD is at 0.8747; below Friday’s 0.8790 highs.
