Commodity Currencies Retreat Ahead of the Release of the FOMC Minutes
AUD/USD is pulling back from local highs, while USD/CAD continues to recover amid a stronger US dollar and ahead of the release of the Federal Reserve minutes. Following an extended rally, commodity-linked currencies have entered a corrective phase, although t
AUD/USD is pulling back from local highs, while USD/CAD continues to recover amid a stronger US dollar and ahead of the release of the Federal Reserve minutes. Following an extended rally, commodity-linked currencies have entered a corrective phase, although the current move still appears more like profit-taking and a test of key technical levels than […] The post Commodity Currencies Retreat Ahead of the Release of the FOMC Minutes appeared first on ActionForex.