LONDON, Jan 15 (Reuters) - A collapse in oil prices drove commodity currencies and a key indicator of euro zone markets' long-term inflation expectations sharply lower on Friday.
U.S. crude oil futures CLc1 fell to $29.61 a barrel, their lowest since November 2003, a move that weakened oil-related currencies. The Australian dollar fell to a seven-year low against the U.S. dollar, AUD=D4 while the Canadian dollar CAD=D4 and the Norwegian crown EURNOK=D4 shed more than 1 percent on the day.
The five-year, five-year forward breakeven rate EUIL5YF5Y=R , which shows where investors expect 2026 price growth forecasts to be in 2021 and is closely followed by the ECB, fell below 1.60 percent for the first time in three months.