USDCAD STATISTICS
The Canadian Dollar is a commodity currency, as Canada is a major exporter of oil, gas, ferrous, and non-ferrous metals. The Canadian Dollar is positively correlated to the price of Crude Oil. Canada exports daily about 2 million oil barrels to the United States, while 85% of all Canada’s exports are going in the US.
EURGBP STATISTICS
EURGBP trades within a limited range of 0.57 to 0.98. However, it offers significant long periods of rising/falling trends. EURGBP is accounted for 2.4% of the Foreign Exchange market volume in 2016.
AUDUSD STATISTICS
The Australian Dollar against the US Dollar. AUDUSD is ranked in 4th place among the most active pairs in the world, accounting for 6.4% of the Foreign Exchange market volume (2016).
EURCHF STATISTICS
The European Currency (Euro) against the Swiss Franc -Nickname ‘Euro-Swissy’. EURCHF is an important exchange rate as it incorporates two major reserve currencies, Euro and the Swiss Franc. The Swiss Franc was linked to the Euro until early 2015.
NZDUSD STATISTICS
The New Zealand Dollar against the US Dollar. The New Zealand dollar offers traditionally high-interest rates and that creates demand by carry traders. NZDUSD is a considerably liquid Forex pair given the small size of the New Zealand economy. NZDUSD accounted for 1.9% of the Foreign Exchange market volume in 2016. The New Zealand Dollar is the official currency of New Zealand, Cook Islands, Tokelau, Niue, and the Pitcairn Islands.
EURJPY STATISTICS
The Euro against the Japanese Yen. EURJPY is one of the most liquid Euro crosses as it combines the popularity of Euro with the exporting performance of the Japanese economy. EURJPY is a very volatile Forex pair traded in tight spreads. The Yen is a traditionally low-yielding currency and that makes it suitable for carry traders who sell the Japanese Yen to buy higher-yielding currencies. EURJPY accounted for 1.9% of the Foreign Exchange market volume in 2016.
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