India, April 1 -- The commodity currencies such as the Australia, New Zealand and the Canadian dollars recovered from recent weakness against their major counterparts in the Asian session on Tuesday, as the oil prices surged due to supply concerns following U.S. President Donald Trump's threat of oil taxes against Russia.
The West Texas Intermediate crude oil futures for May delivery was up $0.17 or 0.25 percent to $69.53 per barrel.
Gains across most sectors led by mining and energy stocks amid spiking commodity prices, also led to the upturn of AUD, NZD and CAD.
On the geopolitical front, Trump said he would impose secondary tariffs of 25-50 percent on all Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine...