Title: What Are The Major Currency Pairs in Forex? - ForexFreshmen
Headings: What Are The Major Currency Pairs in Forex?
What Are The Major Currency Pairs in Forex?
Table of Contents
What is a Currency Pair in Forex?
How do Currency Pairs Work in Forex?
How Many Forex Currency Pairs Are There?
Major Currencies in Forex
The US Dollar
The Euro (EUR)
The Japanese Yen (JPY)
The British Pound (GBP)
The Swiss Franc (CHF)
The Canadian Dollar (CAD)
Major Currency Pairs in Forex
What are the Best Currency Pairs to Trade in Forex?
Learn to Trade Forex
What is a Currency Pair in Forex?

Content: During the 2008 financial crisis, the price of oil collapsed, so the EUR/USD reached 1.60. Investors tend to move towards the US Dollar when the economy is deteriorating, so this currency is well-know to be a ‘safe haven’ currency. The Euro (EUR)
Next to the US Dollar, the Euro is the next most dominating currency in forex. Similar to the US Dollar, the Euro has much acceptance internationally, especially thanks to members of the European Monetary Union. The Euro, accounting for nearly 37% of all transactions in forex, is used by 18 countries who are members of the European Union. Well-established economies, such as Germany and France, are one of the main factors that have an influence on Euro prices. The price of the Euro depends on major European countries Consumer Price Inflation (CPI), the unemployment rates, the exports data, and the European Central Bank. As you can see by the name, the Euro is the common currency of countries in Europe – what restricts the Euro from being as dominant as the US Dollar is the fact that Europe has so many countries and not all of their economies perform as well as others. When economic issues arise, leaders in Europe have difficulty finding solutions that will benefit both their strongest and weakest countries. The Japanese Yen (JPY)
The Japanese Yen is the third most traded, or most popular, currency in the forex market.