![]() ![]() Nicknamed the Aussie, It trades closely with the commodities market because Australia’s economy is primarily based on the export of natural resources. AUD/USD: This currency pair values the Australian Dollar against the U.S.The reason the currency goes by the ISO 4217 symbol CHF is that it derives from the old Latin name of Switzerland: Confederacion Helvetia Franc. USD/CHF: Widely still considered a safe haven currency due to its former convertibility into gold that was suspended in 2000, the Swiss Franc now accounts for only 5% of total forex daily trading volume.This currency pair is susceptible to considerable rate swings and so is not recommended for novice traders. coming in number six in economic size by GDP. ![]() Dollar rate has been nicknamed Cable since the late 1800s and is the third most actively traded currency pair with 13% of total daily forex volume and the U.K. The United States and the European Union are Japan’s largest trading partners. While being a small country, the Japanese economy is the third largest in the world by GDP.
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