Antipodean currencies soar to 10-month highs as risk appetite returns
Posted on April 19, 2016 at 11:53 am GMTThe Australian and New Zealand dollars soared to 10-month highs on Tuesday as risk appetite made a strong return on steady oil prices. Crude oil prices rebounded sharply on Monday after starting the day 6-7% lower following the failure of major oil producers on Sunday to agree to a freeze in output. Commodity prices have been recovering from their January/February lows, led by a rally in oil prices that was mainly driven by expectations that major oil producers such as [..]