"Commodity currencies" refers to currencies that are closely tied to the prices and value of commodities, such as oil, gold, or agricultural products. These currencies tend to fluctuate in value based on changes in commodity prices. Full definition
As well as exhibiting some aspects of fiat currencies, they retain some of the elements of commodity currencies and representative money. (newsweek.com)
The EUR / USD pair is back near the 1.24 level, despite the drift higher in Treasury yields, as commodity currencies are also slightly higher today compared to the Greenback. (hacked.com)
Other commodity currencies such as the Australian and New Zealand dollars also lost heavily against the greenback. (fortune.com)