Currencies of countries that rely heavily on the export of commodities are often referred to as commodity currencies . An important factor that any forex trader should consider is that the value of commodity currencies usually rise and fall in tandem with the value of the country's main commodity exports. What Are Commodity Currencies and Pair: Both the value of the commodity and the country's trade balance, with respect to the commodity, are significant factors in the valuation of commodity currencies. The most commonly traded commodity currencies are: Canada (CAD) New Zealand (NZD) Australia (AUD) The three commodity pairs are: USD/CAD AUD/USD NZD/USD These pairs are highly correlated to commodity fluctuations in the world markets and are the most heavily traded commodity pairs in forex . Forex traders often trade these commodity pairs to gain expos...
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