Commodity currency Canadian dollar, New Zealand dollar, Norwegian krone, South African rand, Brazilian real, Russian ruble and the Chilean peso. Due to the nature of commodity currencies being tied to commodities, being tied to any one good can be beneficial as well as problematic for the country. While naturally, falling or rising exports will lead to deflation or inflation respectively in any country the impacts are more severe in countries with commodity currencies at their currency is so heavily tied to a set few commodities. According to a 2009 study on commodity currency titled “Can Exchange Rates Forecast Commodity Prices?” by Yu-chin
Currency manipulator a currency manipulator is by creating public opinion via for example news media. This comes from mostly political reasons or from lobbying activities for organizations with interest in manufacturing industries. The manufacturing industry is most heavily affected when one of the nation’s important trade countries manipulated their currency. Products from that country will be more competitive than from their own nation, which causes a shift of manufacturing to that foreign country. Therefore, lobbyists of the U.S. manufacturing sector are often “bashing” China as a currency manipulator. Evidence for this proposition can be found in an analysis of Ramirez (2013), who