The Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the late Asian session on Tuesday, as Asian stock markets traded lower, giving up early gains due to jitters over China’s economy and a significant escalation of geopolitical tensions after two crude oil tankers, the Saudi-flagged Amjad and Panama-flagged Blue Lagoon I, were attacked in the Red Sea by Yemen’s Iran-backed Houthi rebels.
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