Higher Oil Prices Provide Jolt To Depressed Currencies

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April 21, 201610 yr

The rally in oil prices by about 50 percent since April are pushing up global currencies.

The collapse of commodity prices over the past year and a half also led to a crash in the values of currencies from commodity exporting countries around the world, everywhere from Canada to Australia and from Russia to South Africa. But with oil prices having seemingly turned a corner, currencies from countries dependent on commodity exports are starting to regain lost ground.

http://oilprice.com/Energy/Energy-General/Higher-Oil-Prices-Provide-Jolt-To-Depressed-Currencies.html

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