“The Canadian dollar is seen as a commodity currency and metal prices have been going up across the board, commodity prices are up.”
“The dollar stopped firming, and combined with high metals prices this has been conducive to a stronger rand.”
“The strong price action and impressive technical trends in various currencies suggest prices should remain elevated in 2006.”
“The rand, as a commodity-based currency, should benefit from the surge in precious metals' prices as it has in recent times.”
“We are expecting a reasonably soft number, which could undo some small dollar gains we have seen against European currencies.”
“It was a perfect storm for gold today. Lower dollar. Higher oil prices. Base metals rallying. Commodity interest across the board. Funds are not afraid of buying on new highs.”
“It's notable that CAD has participated less in the gains against the U.S. dollar than most currencies have seen.”
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