GRAPHIC-Commodity price surge leaves emerging currencies adrift

In each case, an average 15% rise in commodity prices resulted in global commodity currencies rallying around 7%-8% against the dollar and emerging commodity currencies rising by 1%-4% depending on the region. Here is more info regarding ทางเข้า 1xbet have a look at our web page. However, comparing currencies to average real effective exchange rates over the past five years, emerging commodity currencies are more undervalued than G10 peers, said Francesco Pasole, FX strategist at ING. "That's just simply a reflection of the fact that domestic risks, and risk to the pace of domestic recovery in those EM commodity currencies are greater," said Aaron Hurd, senior currency portfolio manager at State Street Global Markets.