Commodity currencies
Also called: commodity currency
Currencies of countries that rely heavily on raw-material exports, such as the Australian dollar, Canadian dollar, New Zealand dollar and Norwegian krone. They often move with commodity prices.
Related terms
Risk-on
A market mood in which investors favour higher-yielding and…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Bid
The price at which the market will buy from you, so it is the…
Contract size
The number of units in one lot of an instrument. For forex pairs a…