Commodity currencies are going ahead

The CAD, NOK, and RUB expect a signal from oil

The drop in oil prices to its 18-year low has shocked the currencies of oil-exporting currencies. The Canadian dollar has been almost 9% down since January, the Norwegian krone has dropped by 17%, the Russian ruble has been 26% down. The NOK and the RUB have been charged by double pressure. In addition to the Brent and WTI, flying down, investors are getting rid of risky assets. The USD/NOK has hit all-time highs, and the Russian ruble, which used to be the best performer among more than thirty of the most liquid…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>