8 Currencies That Could Tank As Commodities Collapse

A big story this year has been the decline in commodities.

That’s bad news for countries and currencies that are closely tied to commodities.

In a note, Sebastien Galy has a quick rundown of what currencies are associated with what commodities:

Aussie Dollar : aluminum, coal & wheat
Canadian Dollar : oil and wheat
South African Rand : coal & platinum
Chilean Peso : copper
Mexican Peso: oil & silver
Russian Rubel: oil, nickel, platinum, wheat
Brazilian Real: oil
Norwegian Kroner: oil

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.