After a disappointing year, commodity currencies could be in for a strong 2022, with an opportunity to outperform their peers.
It’s become increasingly clear that inflation is likely to be the dominate point of discussion next year, with major central bank’s slowly beginning to retreat from their dovish policies. This should help support these currencies, whose value is heavily correlated with commodity prices. However, the winner between the AUD, NZD, and CAD will likely depend on the actions taken by their respective central banks over the coming months.
For an in-depth analysis of the three currencies, and the strongest potential candidate for 2022, check out the following article by one of our senior analysts: