“Currencies of nations linked to commodity exports tumbled as crude oil reached almost its lowest level since February 2009, one day after the Federal Reserve’s decision to boost interest rates. The Canadian dollar has tumbled 17 percent this year amid a rout in oil, Canada’s second-largest export, reaching an 11-year low. The dollars of Australia and New Zealand tumbled more than one percent Thursday as a measure of raw materials prices fell to a 1999 low. Exporting nations have been hurt as commodity prices have fallen 27 percent this year, the most since 2008, as a glut in supply meets slowing demand for raw materials amid patchy global economic growth.”
Related posts:
UN denies Richard Branson's claim it will call for drug decriminalisation
Bitcoin Crash Spurs Race to Create New Exchanges
The top secret rules that allow NSA to use US data without a warrant
West, TX blast victims may not get property tax relief
Lavabit.com owner: 'I could be arrested' for resisting order to turn over user info
Up to 25% of India’s gold may be smuggled in
Britain preparing to end plans to tax Bitcoin trading
Russia pulls out of decade-old drug control agreement with U.S.
Iron Ore Slumps to Lowest Since at Least 2009 in China
Secretive DEA unit told to cover-up massive spy program used to investigate Americans
Egypt orders arrest of ousted Brotherhood leaders after army kills 53 protesters
Women delivering newspapers in Torrance shot in manhunt for ex-cop
American teenager designs compact nuclear reactor
Western powers to offer easing gold sanctions at Iran nuclear talks
Vicco to consider paying police chief in Bitcoin