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Commodities Briefing - Categorized | Currencies more

The pound versus commodity currencies

Posted on 04 July 2013

Commodity-linked currencies such as the rand and Australian, New Zealand and Canadian dollars have, for some time, been regarded as a safe haven of currencies.
In the past they moved in line with the price of oil and other natural resources, because of their economies’ large focus on exporting these goods. Historically the pound has battled against these currencies; it enjoyed supremacy against all of them back in 2008 but fell dramatically from grace two years later………………………………………..Full Article: Source


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