Commodity Pairs - AUD/USD, NZD/USD, CAD/USD

AUD/USD

• Australia: 3rd largest exporter of gold
• AUD/USD: 80% positive correlation with gold
  

NZD/USD

• NZD: Positive correlation with health of the Australian economy.
• NZD/USD: 88 % correlation with gold (stronger than that of AUD/USD)

USD/CAD

• Canada: Largest exporter of oil to US
• USD/CAD: 81% positive correlation with price of oil; rising oil benefits USD/CAD the most of all the FX pairs