Forex Currency Pairs

Forex Currency Pairs

* EUR/USD, the Euro and the U.S. dollar * USD/CHF, the U.S. dollar
*The Swiss franc (sometimes called "the Swissie") * GBP/USD,
*The pound sterling of Great Britain and the U.S. dollar (sometimes called "the cable") * USD/JPY,
*The U.S. dollar and the Japanese yen * USD/CAD,
*The U.S. dollar and the Canadian dollar * AUD/USD,
*The Australian dollar and the U.S. dollar

These pairs account for 80% of all trades in the Forex market.
They all involve the U.S. dollar, because it's still the biggest economy in the world and one of the most inviting to trade. But this is also a holdover from the Bretton Woods .

Accord of 1944, which pegged all currencies to the U.S. dollar as a benchmark.
Although the Accord was abandoned in the early 1970s, some of its effects are still evident in the market.