Commodity currencies enjoying themselves again

Author: Mike Paterson | Category: News

It's certainly been a lively period for commodities over the past few months but the firmer tone currently has related currencies making the most of it

AUDUSD has now posted 0.7330 having failed above 0.7300 earlier and dipping to 0.7280 while USDCAD is looking at support/demand between 1.2900-20 having chewed through bids at 1.2950.

NZDUSD is happy to join in the fun and has launched a fresh attempt to make gains above 0.6700

AUDUSD orderboard here. Next offers at 0.7350. CAD and NZD orders here

Heads up too that we have Canadian jobs data at 12.30 GMT to throw into the mix

Plenty of interest still to take profit along the way but the trend seems underpinned for the moment even if commodity prices are capping again as I type.

Gold currently $1155.70 from highs of $1158 after a sharp rally from $1140 this morning

Brent crude $53.65 after $54.00 highs with WTI similarly near session highs at $50.46

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