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: 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. Making up almost 20% of transactions done on the foreign exchange markets, the Japanese Yen is the most dominant currency in Asia’s forex market. Since Japan is largely an economy based on industrial exports, the Japanese Yen is considered to be a safe-haven currency for traders and investors when risk aversion is hitting the market. Since Japan is such an export-oriented economy, the central bank tries to weaken the value of this currency. The risks related to the Japanese Yen have to do with this persistent devaluation of the value of this currency thanks to the country’s central bank. The British Pound (GBP)
The British Pound is the official currency of the UK.