{"id":462879,"date":"2022-01-20T10:28:02","date_gmt":"2022-01-20T04:58:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=462879"},"modified":"2022-01-20T12:23:27","modified_gmt":"2022-01-20T06:53:27","slug":"high-oil-prices-boost-commodity-currencies-dollar-rally-stalls","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/high-oil-prices-boost-commodity-currencies-dollar-rally-stalls\/","title":{"rendered":"High oil prices boost commodity currencies, dollar rally stalls"},"content":{"rendered":"<p>HONG KONG: Higher commodity prices were supporting the Canadian and Australian dollars on Thursday, while a pause in this week&#8217;s rally in U.S. Treasury yields meant the dollar NSE 1.08 % also marked time.<\/p>\n<p>The Aussie firmed 0.5% on Thursday extending advances the previous day. The Canadian dollar touched a touched a 10-week high on Wednesday with one U.S. dollar worth C$1.245, before paring gains, also supported by higher Canadian inflation figures.<\/p>\n<p>&#8220;Overnight commodity prices were the big driver for commodity currencies, but you&#8217;ve still got the undertone that (COVID-19 variant) Omicron is not going to have a lasting detrimental impact on the global economic outlook,&#8221; said Kim Mundy, senior economist and currency strategist at Commonwealth Bank of Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG: Higher commodity prices were supporting the Canadian and Australian dollars on Thursday, while a pause in this week&#8217;s rally in U.S. Treasury yields meant the dollar NSE 1.08 % also marked time. The Aussie firmed 0.5% on Thursday extending advances the previous day. The Canadian dollar touched a touched a 10-week high on Wednesday with one U.S. dollar worth C$1.245, before paring gains, also supported by higher Canadian inflation figures. &#8220;Overnight commodity prices were the big driver for commodity currencies, but you&#8217;ve still got the undertone that (COVID-19 variant) Omicron is not going to have a lasting detrimental [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-462879","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=462879"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462879\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=462879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=462879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=462879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}