Some of the world’s
currencies are accepted for most international transactions. The most popular
currencies are accepted for most international transactions are the U.S.
dollar, the euro, and the yen. However, the U.S. dollar is the most popular.
And in the foreign exchange market 90 of forex trading involves the U.S.
dollar. Thus, when assessing the relative strength of the most popular
currencies in the world, it’s always against the U.S. dollar, using the daily
time frame chart.
The “major” forex
currency pairs are the major countries that are paired with the U.S. dollar
(the nicknames of the majors are in parenthesis).
AUD/USD – Australia dollar (Aussie) vs. the U.S. dollar
EUR/USD
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