“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.”
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