Monexnews-after suffering a daily loss of the worst in nearly a month, Dollar Australia should back slipping on Thursday over the fall of global commodity. S&P GSCI spot index of 24 raw materials shrank 1.1 percent, the biggest decline since December 6 last year. Currency is often called Aussie is also burdened by a weakening of stocks around the world, which erodes demand for berimbal assets higher results.
"Global markets amid negative sentiment is covered, and it's not profitable for the Aussie," said Peter Dragicevich, a currency Economist at Commonwealth Bank of Australia in Sidney. "The possibility of new Aussie will rise again in one or two weeks ahead." (vid)
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Title Post: The Fall Of Global Commodity Prices Dragging The Aussie
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Rating: 100% based on 99998 ratings. 5 user reviews.
Author: Unknown
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