Some currencies depend on commodities. An wellknown example is the CAD, that normally moves up, when the oilprice and metalprices go up, and moves down when they go down.
According to some experts, the hard commodities like metals have finished their uptrend. But they also say that the soft commodities (cotton, cacao, coffee, grain, beef, etc) have still old low prices, and they should go up, when countries like China and India will start to use more and more of them.
So now I am wondering which currency is linked to those soft commodities. Coffee and Brasil is one example, but does someone knows another example?
According to some experts, the hard commodities like metals have finished their uptrend. But they also say that the soft commodities (cotton, cacao, coffee, grain, beef, etc) have still old low prices, and they should go up, when countries like China and India will start to use more and more of them.
So now I am wondering which currency is linked to those soft commodities. Coffee and Brasil is one example, but does someone knows another example?
Good one Dof.