Comdoll

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Comdoll is a nickname for “commodity dollars.”

Currencies like the Australian, Canadian, and New Zealand dollars are usually called comdolls because their respective economies are highly dependent on exporting commodities. Australia, for one, is the third largest gold producer in the world while Canada has the sixth spot in the world’s oil production.

Investors often need to get their hands on comdolls if they want to trade commodities. This is why the comdolls’ price action is usually correlated with commodity prices.

Happy Pip, a BabyPips.com blogger, specializes in trading comdoll pairs like the AUD/USD, USD/CAD, and NZD/USD.

Related Articles:

A Look at the Comdoll Banks

Keeping Up With the Comdoll Nations

Gold, Oil, and Comdoll Previews for 2012

Comdoll Trading Kit (August 6-10, 2012): Midweek Market Analysis

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