Most people don’t realize is just how closely some currencies track certain commodities - specifically oil, copper and iron ore. Below are 5 world currencies that...[have significant correlation to such commodity prices].
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For more than a year now, commodity prices have been under pressure from the strong U.S. dollar and slowing global demand. This has made a huge dent in the balance sheet of many net exporters of resources, in turn weakening their currencies. What most people don’t realize, however, is just how closely some currencies track certain commodities. Below are five world currencies that have been impacted by lower commodity prices.
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