Intraday Market Thoughts

Commodities currencies' performance YTD

by Ashraf Laidi
Dec 12, 2014 18:47

A brief look at the worst performing commodity FX so far this year shows the Russian ruble is down 43%, followed by the Norwegian krone and Mexican peso at -16% and 12% respectively. The carnage in energy and oil was largely to blame. But for those who regularly trade G20 currencies, the interesting point is in the Aussie and the loonie as currencies as almost identical in their 8% decline against the US dollar since January 3rd of this year. Full chart & analysis

Click To Enlarge
Commodities currencies' performance YTD - Oil Currencies Dec 12 (Chart 1)


Latest IMTs