The commodity currencies dropped sharply in yesterday's trading session. Canadian Dollar weakened as oil prices on world markets continue to decrease and the lowest level in the last 4 months. Meanwhile, the possibility of the Reserve Bank of Australia (RBA) will cut interest rates at the meeting in August was up to 60% after the minutes of the July meeting of the agency announced yesterday that the AUD strong is difficult for economic rebalancing and emphasized that inflation expectations remain below the targets, suggests the possibility of further easing of monetary policy in the near future.
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