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Commodity currencies finally give into the souring mood in stocks

Started by forex4you, Feb 18, 2022, 03:05 am

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forex4you

Feb 18, 2022, 03:05 am
Commodity currencies finally give into the souring mood in stocks

The commodity currencies put up a strong fight but are finally being dragged down by the relentless selling in equities. The S&P 500 is down 2.1% and threatening the lowest close since January 27.
Given the backdrop, the 10-25 bps declines in the commodity currencies today are surprisingly benign. S

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