Nations which might be wealthy in a selected useful resource, and able to exporting that useful resource in massive volumes, are often known as having “commodity currencies.” This may present main help to the worth of a rustic’s foreign money, however may show a significant drag on the foreign money when international demand for the related commodity is low. After a tough 2022, dominated by central banks combating inflation by elevating rates of interest, how are the most important commodity currencies faring? Introduced by @cmegroup: https://www.cmegroup.com/openmarkets/the-return-of-commodity-currencies.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
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