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    Top 6 Most Tradable Currency Pairs

    Abstract:Traders have the luxury of highly leveraged trading with lower margin requirements than in equity markets.

      

      

      

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      Traders have the luxury of highly leveraged trading with lower margin requirements than in equity markets. But before you jump in headfirst to the fast-paced world of forex, you'll need to know the currency pairs that trade most often.

      Here's a look at six of the most tradable currency pairs in forex.

    1. EUR/USD

      

      The EUR/USD currency pair tends to have a negative correlation with USD/CHF and a positive correlation with the GBP/USD. This is due to the positive correlation of the euro, the British pound, and the Swiss franc.

    2. USD/JPY: Trading the “Gopher”

      

      The next most actively traded pair has traditionally been the USD/JPY. This pair has been sensitive to political sentiment between the United States and the Far East. The pair tends to be positively correlated to the USD/CHF and USD/CAD currency pairs due to the U.S. dollar being the base currency in all three pairs.

    3. GBP/USD: Trading the “Cable”

      

      The GBP/USD pair tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD. This is due to the positive correlation between the British pound, the Swiss franc, and the euro.

    4. AUD/USD: Trading the “Aussie”

      The AUD/USD currency pair tends to have a negative correlation with the USD/CAD, USD/CHF, and USD/JPY pairs due to the U.S. dollar being the quote currency in these cases. The correlation with the USD/CAD is also because both the Canadian and Australian dollars share a positive correlation with each other as both are commodity block currencies.

    5. USD/CAD: Trading the “Loonie”

      

      The USD/CAD currency pair tends to be negatively correlated with the AUD/USD, GBP/USD, and EUR/USD pairs due to the U.S. dollar being the quote currency in these other pairs.

    6. USD/CNY: Trading the Yuan

      

      The USD/CNY currency pair represents the relationship between the US dollar and the Chinese renminbi, more commonly known as the yuan. In recent years, it has represented about 4% of daily forex trades.1

      The US-China trade relationship has been a volatile one in recent years, providing USD/CNY traders with plenty of speculative opportunities.

      

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    New Zealand Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    New Zealand Dollar
    Available
    -- United States Dollar
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