commodity pairs

Popular Terms
Three pairs created by Forex including currencies from countries that possess large amounts of commodity type resources. The pairs are: USD/CAD, USD/AUD and USD/NZD - the United States dollar (USD), the Canadian dollar (CAD) the Australian dollar (AUD) and the New Zealand dollar (NZD). These are paired because of the high correlation to changes in commodity prices. Both the AUD/USD and NZD/USD are highly correlated to rising and falling of gold prices and the CAD/USD pair is correlated to rising oil prices.

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