2021 prospects for oil and commodity currencies Nov 13, 2020 2021 prospects for oil and commodity currencies By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Oil Prospects 2021 US air traffic remains sluggish at 60% of pre-pandemic level due to virus. Air travel in Europe constrained by second wave of COVID-19 outbreaks. Will prospect of a vaccine help business travel bounce back in 2021? Collision of supply-demand factors could lead to volatile trading. Watch video How Commodity Currencies Performed Amid COVID-19 AUD, NZD kept pace with their commodity index despite low COVID-19 cases. CAD, RUB underperformed their index, could face more pressure in winter. BRL has underperformed commodity prices lifted by supply cuts. Progress of the virus in coming months could impact crude oil prices. Read article SEE MORE ANNOUNCEMENTS