Commodity-Linked Currencies Slide to Records Amid Crude-Oil Rout
- Canada's dollar at 11-year low, Colombia peso drops to record
- Unshackled OPEC output bodes ill for oil-producer currencies
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A tough year just got a whole lot worse for the currencies of commodity exporters.
The Canadian dollar dropped to its lowest in 11 years, Colombia’s peso plunged to a record and South Africa’s rand slid to an all-time low as crude oil and iron ore prices sank to the lowest since 2009. A Bloomberg gauge of commodity prices fell to the lowest in 16 years.