The past week saw lots of currency-market action, but commodities went on a ride as well. From "Money In Motion", tips on using currencies to trade commodities - especially oil.
Rebecca Patterson, global head of currencies and commodities for J.P.Morgan's private bank, is a fan of using currencies to trade commodities, since the currency markets tend to be more liquid with better bid-ask spreads. And for oil, the commodity of the hour, one of the best proxies is Canada, Patterson says.
Patterson is bullish on oil, arguing that even if the Middle East calms down, that will boost economic growth, which will eventually spur demand for oil. And of course, if the turmoil continues, that should push oil prices higher as well. Since Canada is the world's sixth largest oil exporter, Patterson is bullish on the Canadian dollar.