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Examples
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At the beginning of the Reagan administration, Paul sat on a commission appointed to debate whether the United States might benefit from returning to commodity-backed money.
Ron Paul, opponent of the Fed and fan of the gold standard, a lone wolf no more Annie Lowrey 2011
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At the beginning of the Reagan administration, Paul sat on a commission appointed to debate whether the United States might benefit from returning to commodity-backed money.
Ron Paul, opponent of the Fed and fan of the gold standard, a lone wolf no more Annie Lowrey 2011
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"The demand for commodities has emerged, driven by solid demand from emerging markets as well as the launch of investment products, such as commodity-backed exchange-traded funds," said Alex Wong, a director at Ample Finance Group in Hong Kong.
Asia Shares End Higher as Rare-Earth Plays Climb Shri Navaratnam 2010
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After the euro had posted its biggest single-day gain on Tuesday since July against the dollar, the greenback fought back Wednesday, erasing the euro's advances and eating into the commodity-backed Australian and New Zealand dollars.
Dollar Jumps on Its Rivals as Euro Rally Fades Away bradley davis 2010
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But the largest gains came in higher-yielding, commodity-backed currencies such as the Australian and New Zealand dollars, as the return of risk appetite buoyed stocks and commodities.
Euro Has Field Day Against Dollar Bradley Davis 2010
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Investors also ditched the Australian and New Zealand dollars, whose commodity-backed economies are closely tied to growth.
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The Australian and New Zealand dollars weakened sharply against the greenback after worse-than-expected domestic data for both of those economies took some shine off the commodity-backed currencies.
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Beyond Asian and commodity-backed currencies, Latin America and Eastern Europe have very limited exports to China -- with commodity-backed Chile and Peru the exceptions -- so the yuan's rise is unlikely to have large reverberations beyond major Chinese trading partners, Mr. Thin said.
Yuan Rise Would Boost Asian, Commodity-Backed Currencies Bradley Davis 2010
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The commodity-backed Australian and Canadian dollars slipped on the general risk-averse tone of markets and as investors digested news that China is taking measures to slow fast-growing property markets, which investors worry could stymie the global recovery.
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The commodity-backed Australian and New Zealand dollars advanced sharply against the U.S. dollar because "markets are perhaps getting more comfortable with China moderation as a necessary slowing from an unsustainable pace of recovery rather than the beginning of a more pronounced slump," the Credit Suisse analysts said.
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