Currency Volatility Tracker

Kiwi Volatility Signals Trouble for Commodities

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Declines in the New Zealand dollar, also known as the kiwi, have often mirrored declines in the volatile commodities market.

The volatility of New Zealand's currency is at its highest point since the second quarter of 2015, the year of the commodities crash.

New Zealand's dollar declined 6.72 percent against the U.S. dollar in the third quarter marking the first time since the commodities crash of 2015 that the currency is among the world leaders in quarterly volatility, a potential warning sign for the commodities market as New Zealand's currency typically moves in tandem with volatile commodity prices.

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