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Excerpt from:  Forex Training
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February 11, 2008

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.
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Topic Tags:  Canadian dollar, commodity currency, currency market, currency trading, forex trading, forex trading terms, FX market, South African rand, US dollar
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