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Commodity Currencies Could Bear the Brunt of a Stronger Dollar

  • Norwegian krone, pound may be the worst-hit G-10 currencies
  • The Canadian dollar is likely to see the lowest volatility

Global commodity currencies and the pound are poised to suffer most among Group of 10 currencies if the dollar makes a more strident comeback.

The Norwegian krone, sterling, the Swedish krona, Australian and New Zealand dollars will cop the biggest losses, and in that order, a study of G-10 currencies suggests. The study, based on the sensitivity of currencies to changes in the U.S. Dollar Index over the past year, shows the Canadian dollar will be the least affected.