Trading the Canadian Dollar in 2005 against the US Dollarby Kathy Lien
In 2005, oil and gold set record highs and were two of the biggest drivers of currency movements that year. In fact, the dollar reacted very differently across various currencies simply because of that particular currency's correlation with commodity prices. Therefore, knowing what type of movement to expect in the Canadian dollar if oil prices drop, for example, will definitely help you make smarter decisions.
Source: http://www.investopedia.com/articles/forex/06/CommodityCurrencies.asp; http://www.bktraderfx.com/site/members-benefits; http://www.gftforex.com/