03.02.2009 - African currencies might benefit from improving commodities
From Fnarena.com: When commentators talk of commodity currencies the Australian, New Zealand and Canadian dollars are traditionally at the forefront of investor thinking, but as Standard Chartered points out African currencies are also viewed by the market as currencies closely linked to commodity prices given Africa's exports are heavily weighted to primary products. United Nations Conference on Trade and Development data show exports of ores, metals and fuel products accounted for 74% of all African exports in 2006 against just 18% of exports being of manufactured goods..... Full Article: Source