The Seven most traded currency pairs in forex are called the MAJORS. They are:
1. EURUSD (Euro to U.S Dollar)
2. USDJPY (U.S Dollar to Japanese Yen)
3. GBPUSD (The Pound Sterling to U.S Dollar)
4. AUDUSD (Australian Dollar to U.S Dollar)
5. USDCHF (U.S Dollar to Swiss Franc)
6. USDCAD (U.S Dollar to Canadian Dollar)
7. NZDUSD (The New Zealand Dollar to U.S Dollar)
The MAJORS are often referred to by their nicknames:
1. EURUSD - THE EURO
2. USDJPY - THE YEN
3. GBPUSD - CABLE
4. AUDUSD - AUSSIE
5. USDCHF - THE SWISSY
6. USDCAD - LOONIE
7. NZDUSD - KIWI
Compared to other pairs, the MAJORS shares certain characteristics that make them popular for traders. No wonder they make up about 80% of the traded volume on the forex market!
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