Raw materials compose such a large portion of these countries exports, a rise in commodity prices can possibly lead to a rise in the value of a country’s currency, and vice versa.
Let’s take a look at the major commodity currencies and see how much their movement correlates to certain commodities…
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Platts Metals Alert, 246 am EST/746 GMT 16-Jan-2008
Singapore (Platts) — Switzerland-based Xstrata Copper announced Wednesday plans to double the electronic scrap recycling capacity at its Horne smelter in Rouyn-Noranda, Quebec, to 100,000 mt/year.
The expansion will position Xstrata Copper to meet the growing need for electronic scrap smelting capacity as the use of electronic equipment increases […]

Dow Jones Newswires, 13:10 ET (18:10 GMT) 15-Jan-2008
By Allen Sykora DOW JONES NEWSWIRES
Spot gold and the futures market could be due for a correction after prices ran up to record highs lately, especially with large speculators accumulating near-record net length, analysts said.
Nevertheless, some suggest any pullbacks could be modest and temporary in a market where […]

Platts Metals Alert, 936 am EST/1436 GMT 16-Jan-2008
Santiago (Platts) — Chile’s central bank said Wednesday that it expected copper prices to average $2.95/lb this year, down from an average of $3.23/lb during 2007.
The bank also forecast copper prices in 2009 to average $2.50/lb.
In its latest monetary policy report, the bank said the lower forecast reflected […]

January 16, 2008
Gold N.Y. Spot $ 875.50
Silver N.Y. Spot $ 15.74
Lead LME Cash $ 1.1794
Copper LME Cash $ 3.1838
Zinc LME Cash $ 1.0258
Nickel LME Spot $ 12.63
Aluminum LME Spot $ 1.0988
Platinum […]