Commodity currencies dipped along with the oil prices

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Thursday, May 25 2017

Commodity currencies dipped along with the oil prices

The Canadian, Australian and New Zealand dollars all fell solidly on Thursday, tracking a drop in oil prices as OPEC countries meeting in Vienna looked like they would go no further with production cuts than previously expected by markets.

The U.S. dollar, which has steadied after its worst week in more than a year, fell 0.1 percent against the index measuring its broader strength while gaining marginally to 111.75 yen and $1.1213 per euro respectively.

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