Opec meeting weighs on commodity currencies

London

THE Canadian, Australian and New Zealand dollars all fell solidly on Thursday, tracking a drop in oil prices as Opec countries meeting in Vienna looked like they would go no further with production cuts than previously expected by markets.

The US dollar, which has steadied after its worst week in more than a year, fell 0.1 per cent against the index measuring its broader strength while gaining marginally to 111.75 yen and US$1.1213 per euro respectively.