Commodities were absolutely trounced

Percentage changes in November:

  • Copper -11.9%
  • Nickel -12.5%
  • Wheat -9.5%
  • Gold -6.8%
  • Natural gas -10.3%
  • WTI crude -10.6%

The CRB index fell 6.7% in the month and is at the lowest since 2002. Given that, it's very impressive that commodity currencies held their ground.