Commodity Currencies Slipped on BOC's Dovish Message

A much stronger-than-expected increase in US inventory pressured crude oil prices, sending both benchmark contracts to lowest levels in 3 weeks. Commodity prices were also weighed down by a modestly firmer US dollar, as euro and commodity currencies lost ground after BOC's meeting statement and as Citigroup now projects the Fed to begin tightening in March 2016.

from Oil N' Gold Focus http://ift.tt/1OK0wNT