Tag: Forex 101

What Are the Major Commodity Currencies?

When you start following financial and forex-related news, you may come across some unfamiliar terms. One of them is likely to be commodity currencies. So what are the commodity currencies and what should you know about trading them? A commodity currency is a name given to currencies of countries which depend heavily on the export of certain raw materials/commodities for income. As a result, the price fluctuations of commodities reflect on these currencies. In forex,  commodity currencies Australian dollar, Canadian dollar, New Zealand dollar, Norwegian krone, South African rand, Brazilian real and the......

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