The currencies of commodity exporters took a breather after a month of selling after commodities went up
The Canadian dollar and South African rand rose more than 1 percent, as prices for crude oil, metals and agricultural commodities posted gains.
Currencies exporters of raw materials have shown signs of arrest the decline last week, after sharp declines this month on fears that Chinese economic growth is slowing.
Canada's currency stabilized after hitting nearly 13-year low last week, while the South African rand and Mexican peso have recorded growth this month.
The Canadian dollar jumped 1.6 percent to 1.4061 against its US counterpart, the South African rand was up 1.1 percent to 16.3578 per dollar, while the Norwegian krone increased by 0.9%.
Bloomberg Commodity Index rose 1.5%, reaching the highest level since January 11.
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