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Terms of trade

How are the commodity currencies' terms of trade moving?
Terms of Trade — AUD & CAD

The terms of trade behind the commodity currencies — Australia's index of commodity prices and Canada's BCPI.

How RBA Index of Commodity Prices (AUD) and Bank of Canada BCPI (CAD), as index levels.Source FRED (RBA, Bank of Canada)

fx_terms_of_trade

How to read Describes how each economy's export-price backdrop is moving right now, alongside the currency.

ToT↔FX is a CO-MOVEMENT that loosens (it can decouple for long stretches), never a currency-direction forecast.

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