Discussion in 'Forex' started by saikiranray, Nov 10, 2003.
What are commodity currencies and why are they called so.
My guess is that they are synonymous with currency futures, as futures used to be known as commodities. Only a guess though. I've never heard the term "commodity currencies" before.
A few to start with - Australian Dollar, South African Rand, Canadian dollar ...
These countries have economies that are heavily weighted to resources / commodites / mining / beers. Typically as a global expansion takes hold commodities like copper (the economists metal) and other base metals, and gold etc appreciate in price [ checked out copper chart lately ? ]. [ As a side, Canada is also a net exporter of oil. ] This together with the USD shitting itself has helped these currencies to some nice gains .
Separate names with a comma.