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A forex analysis reports that AUD/USD fell about 7.5% and NZD/USD about 5.5% year to date in 2021, while USD/CAD was on track for a small gain. It suggests commodity currencies could outperform in 2022 if inflation and demand stay strong.
Commodity currencies tend to track raw material prices, so a rebound in these currencies would signal firmer commodity demand and export values.
forex.comMatt SimpsonDec 17, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
