What currencies does the G7 currency refer to?
2023-06-15
Summary:
G7 currency refers to the trading pairs between the currencies of the seven most developed economies in the world, including the US dollar, euro, pound, Canadian dollar, Australian dollar, Swiss franc, and Japanese yen.
At present, many banks in China have foreign exchange accounts as a trading type. In the foreign exchange market, the main currency type is the G7 currency. Do you know what the G7 currency means? What currencies does the G7 currency refer to?
What currencies does the G7 currency refer to?
G7 currencies refer to seven currencies: the US dollar, euro, Japanese yen, pound sterling, Australian dollar, Canadian dollar, and Swiss franc. In the past, the trading volume of G7 currencies has always occupied the top seven positions in the over-the-counter foreign exchange market, and these currency pairs account for the vast majority of trading volume in the foreign exchange market.
The characteristics of different currencies in the G7 are different. For example, the Canadian dollar is one of the main commodity currencies in the world and is greatly affected by the price of crude oil; the Japanese yen and Swiss franc are the world's main safe haven currencies, suitable for investing when market risk factors increase; the euro and pound sterling are the main risk currencies; and the Australian dollar is the main high-interest currency.
G7 currency pairs refer to the trading pairs between the currencies of seven economies, including:
1. USD/JPY
2. Euro/USD
3. GBP/USD
4. CAD/USD
5. AUD/USD
6. Swiss Franc/USD (CHF/USD)
7. EUR/JPY
The selection of foreign exchange currency pairs is mainly directly related to the attributes of foreign exchange currency pairs. We can choose foreign exchange currency pairs based on current market influences.
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