The most liquid and widely traded currency pairs in the world are the following: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD and USD/CAD. These currencies are called the Majors. Trades involving majors make up about 90% of total Forex trading.
The Major Currencies:
Symbol Country Currency
USD United States Dollar
EUR Euro members Euro
GBP Great Britain Pound
JPY Japan Yen
CHF Switzerland Franc
CAD Canada Dollar
AUD Australia Dollar
GBP/USD known as "Cable" is the only currency pair with its own name, but there are also lots of abbreviations for other currency pairs such as
Symbol Known As
EUR/USD Euro
GBP/JPY Geppy
GBP/USD Cable
AUD/USD Aussie
NZD/USD Kiwi
USD/CHF Swissy
USD/CAD Loonie
USD/JPY Gopher
Monday, September 7, 2009
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