Concerns about global growth are alive and kicking. Commodity currencies took a beating on Friday (January 15) as oil prices fell back below 30 dollars.
On Thursday (January 14), they posted their first significant gains of the year. But they came under new selling pressure with the impending possibility of additional Iranian supply.
World stock markets are set for a third straight week of losses. European shares are moving back towards Thursday’s 13-month lows – they’ve fallen more than one percent. Asian stocks, meanwhile, plummeted to three-and-a-half-year lows.