Market eyes commodity currency recovery in 2002
MARKET NEWS
LONDON -- Commodity currencies may be set for a resurgence following a slump in global commodity prices in 2001 amid fears of global recession.
The global commodity index (CRB) has risen by almost 10% this year, and the Australian dollar in particular looks set to benefit, analysts told FX Week.
The Australian dollar, or Aussie, has started its move up, finally breaking a long-term resistance barrier at $0.527 two weeks ago, traders said.
"The Australian dollar carries the closest correlation to
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