"The Commodity currencies" as they are called refer to the Canadian, Australian, and New Zealand
dollars. Since commodities consist of the majority of Canada's exports, the currency will
strength or weaken depending on these prices. Usually the Usd and Cad will normally trend in the
same direction because most of Canada's exports are shipped to the U.S.
Australia- Australian Dollar. The Australian dollar is most connected to gold prices. The
interest rate differential is monitored because it can guide the long-term trend.
New Zealand- New Zealand Dollar. The New Zealand dollar is linked to commodity prices. It is also
closely related to the Australian dollar, meaning they can act as alternatives for each other.
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