The US dollar is the most traded currency in the world. It is involved in the majority of currency pairs and is considered the primary reserve currency for many countries.
The euro is the second most traded currency. It is the official currency of 19 out of the 27 member states of the European Union, making it a significant currency in the forex market.
The Japanese yen is the third most traded currency. It is known for its role as a safe-haven currency and is actively traded against other major currencies.
The British pound, also referred to as the pound sterling, is another popular currency in forex trading. It is commonly traded against the US dollar and the euro.
The Swiss franc is known for its stability and is often considered a safe-haven currency. It is widely traded in the forex market.
The Canadian dollar is heavily influenced by commodity prices, particularly oil, due to Canada's status as a major oil exporter. It is frequently traded against the US dollar.
The Australian dollar is often traded in relation to commodity prices, as Australia is a significant exporter of commodities such as iron ore and coal.
The Chinese Yuan is the currency of the world's second-largest economy and plays a significant role in global trade and finance.
The New Zealand dollar is actively traded, especially against the US dollar and the Australian dollar. It is also influenced by commodity prices and economic data.
The Swedish Krona is the currency of Sweden and is influenced by factors such as the country's economic performance and monetary policy decisions.