» Forex Trading Terms: Commodity Currency

What is a commodity currency?One of the forex trading terms you are likely to come across is commodity currency. A commodity currency is one that depends a great deal on how much is coming into the economy from exports. The South African rand is an example of a commodity currency that relies gold.

Here are the major examples of commodity currency:

• Canadian dollar (CAD)
• New Zealand dollar (NZD)
• Australian dollar (AUD)

The US dollar is also sometimes considered a commdity currency.

See Also

• Learn Forex Trading Terms
  Currency trading on the FX market

Source : GFT Forex

This entry was posted on Monday, February 11th, 2008 at 14:13 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

What is a commodity currency?With oil and gold prices dominating the headlines, one of the more important forex trading terms to know is "commodity currency."

A commodity currency is one that relies on its exports to help support the economy, and hence, the currency. Emerging market commodity currencies include the South African rand (gold). The main commodity currencies, though, are:

• Canadian dollar (CAD)
• New Zealand dollar (NZD)
• Australian dollar (AUD)

See Also

• Forex Trading with World Currencies
  Currency trading on the FX market

Source : GFT Forex

This entry was posted on Tuesday, January 8th, 2008 at 14:52 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.