XE Market Analysis: Commodity Currencies See Red as Global Sentiment Turns Negative.

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OVERVIEW

  • The US Dollar Index keeps apparent calm despite the prolonged government shutdown 
  • The IMF downgrades its forecast for global economic growth, fuelling risk-off trades and equity markets selloffs
  • NYMEX WTI Crude is under pressure, sinking down around 2.7%, and fails to move above a five-week high

HIGHLIGHT