Ratio of 2.65/1.00
Commodity currencies like the Canadian Dollar and the Australian Dollar have shown a 74% correlation with commodities such as precious metals and oil, so far in 2006.
Commodities
The chart below tracks the relative percentage movement of precious metals and crude in 2006
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Performance in 2006
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| Gold |
Up 27% |
| Silver |
Up 41% |
| Platinum |
Up 35% |
| Palladium |
Up 34% |
| Crude |
Up 09% |
Percentage Price movement
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Commodity Currencies
Apart from a brief fall in late-March, the two leading commodity currencies have also moved up in 2006.
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Performance in 2006
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| Australian Dollar |
Up 3.37% |
| Canadian Dollar |
Up 4.26% |
Percentage Price movement
On an average, a 2.63% move in commodities sees a corresponding 1% move in commodity currencies. A handy ratio to keep in mind while you ARE trading.
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