» Forex Trading Terms: Commodity Currencies

What are commodity currencies?In currency trading, you may come across different trading terms and labels. One of these forex trading terms is likely to be commodity currencies.

Commodity currencies are those currencies, like the Australian dollar and the Canadian dollar, that rely heavily on commodity performance to support their economies. Items like gold, oil, timber and agricultural goods can provide income for a country and help support the economy.

Some of the commodity currencies include:

• Australian dollar
• New Zealand dollar
• Canadian dollar
• South African rand

See Also

• Currency Trading on the FX Market
  Learn forex trading

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