# Commodity currencies and outlooks - Nomura — Octa

> Nomura analysts say most commodity prices have gained momentum since the US election, supported by the Chinese economic recovery. They expect commodity currencies such as AUD, NZD, NOK and CAD to hold up if China's economy stays resilient despite higher US rates.

- Date: 2017-01-17 · published 2017-01-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/72910-commodity-currencies-and-outlooks-nomura-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Commodity-currency strength tracks China-linked demand for raw materials. A Chinese slowdown combined with higher US rates would weaken those currencies and the commodities they track.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-28 | [Dollar advances and heaps pressure on commodity currencies](https://feedsoft.ai/events/37239-dollar-advances-and-heaps-pressure-on-commodity-currencies.md) | -0.7% | -0.9% |
| DXY | 2017-07-27 | [Dovish Fed Spurs Commodity Prices and Currencies Higher - ActionForex](https://feedsoft.ai/events/69898-dovish-fed-spurs-commodity-prices-and-currencies-higher-actionforex.md) | -0.6% | -0.5% |
| DXY | 2025-07-21 | [Midyear Fixed Income, Currency, and Commodity Markets Outlook: Higher for Longer \| LPL Financial](https://feedsoft.ai/events/23666-midyear-fixed-income-currency-and-commodity-markets-outlook-higher-for-longer.md) | -0.3% | -0.0% |
| DXY | 2021-10-21 | [Commodity currencies at multi-month highs, pound firm on BoE hike bets](https://feedsoft.ai/events/44806-commodity-currencies-at-multi-month-highs-pound-firm-on-boe-hike-bets.md) | +0.1% | +1.4% |
| DXY | 2020-05-18 | [Dollar struggles as rising oil prices lift commodity currencies](https://feedsoft.ai/events/53034-dollar-struggles-as-rising-oil-prices-lift-commodity-currencies.md) | -1.0% | -2.9% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/401914/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.