Currency Volatility Tracker

Commodities Plunge Hits Global Currencies

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The South African rand, shown above, was the big loser last week falling 4.45% against the dollar. The Japanese yen rose 3.1%.

Fears of coronavirus and a global slowdown jolt the commodities market causing huge declines in the value of commodities-based currencies.

Commodites-based currencies in both developed and emerging market economies took a beating last week as the commodities market plunged 7.28% as fears of a global slowdown compounded by the relentless spread of the coronavirus hit currency markets around the world.  For the year, the Dow Jones Commodity Index is down 12.2%. 

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