As signs of a potential end to the Federal Reserve’s rate-hiking cycle wobbled the dollar, some investors are setting their sights on the battered currencies of commodity-producing countries, including Norway and Australia. Many commodity currencies faced challenges earlier this year when prices for raw materials, such as oil and copper, fell from their 2022 peaks amid concerns that central banks’ efforts to combat inflation would negatively impact global growth and demand for commodity exports.

Despite this, the growth in the U.S. and...

https://ratecaptain.com/battered-commodity-currencies-gain-attention-amid-dollars-decline/