menu search
brightness_auto
more_vert

1 Answer

more_vert

Almost all commodities are quoted in dollars, which means that there is an inverse correlation between the value of the dollar and that of raw materials. Currencies such as the Australian, the Canadian, the Norwegian krone are currencies of countries whose growth is closely linked to the exploitation of the raw materials they have. Therefore, when the value of these raw materials falls, the price of their currencies suffers, weakens because the macroeconomic situation worsens.

Welcome to ForexTradingKit, where you can ask questions and receive answers from other members of the community.
...