Foreign currency exchange market could be hit by an oil shock

Foreign currency exchanges could be “crushed” if oil prices fall, according to the head of Australia’s central bank.The Australian dollar, the global reserve, has hit its lowest level since December, after falling by more than half this year as global producers pulled back on output.But the price of Brent crude, the world’s most traded commodity, […]

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Foreign currency exchange market could be hit by an oil shock

Foreign currency exchanges could be “crushed” if oil prices fall, according to the head of Australia’s central bank.The Australian dollar, the global reserve, has hit its lowest level since December, after falling by more than half this year as global producers pulled back on output.But the price of Brent crude, the world’s most traded commodity, […]

Read more
Foreign currency exchange market could be hit by an oil shock

Foreign currency exchanges could be “crushed” if oil prices fall, according to the head of Australia’s central bank.The Australian dollar, the global reserve, has hit its lowest level since December, after falling by more than half this year as global producers pulled back on output.But the price of Brent crude, the world’s most traded commodity, […]

Read more