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Meet the Major Currencies: What Every Trader Needs to Know

Meet the Major Currencies: What Every Trader Needs to Know

Dimitri Zabelin, Analyst

US Dollar (USD)

The US Dollar (USD) is the official currency of the United States. It was established after Congress passed the Mint Act on April 2, 1792...

Euro (EUR)

The Euro (EUR) is the official currency of the Eurozone, a monetary union with 19 out of the 28 member states of the European Union (EU). It was established in 1999 with the intention of creating a single economic block that shared a common currency among all of its members...

British Pound (GBP)

The Pound Sterling, abbreviated as GBP for “Great British Pound”, is the official currency of the United Kingdom. It is the world’s oldest currency that is still in use...

Japanese Yen (JPY)

The Yen (JPY), meaning “round object”, is the official currency of Japan. It was established by the Meji government in 1871 as part of the state’s modernization program...

Australian Dollar (AUD)

The Australian Dollar is the official currency of Australia and all of its territories. It is also sometimes informally referred to as the “Aussie”...

New Zealand Dollar (NZD)

The New Zealand Dollar (NZD) is the official currency of New Zealand and all of its territories. It is sometimes informally referred to as the “Kiwi”, a reference to an indigenous bird...

Canadian Dollar (CAD)

The Canadian Dollar is the official currency of Canada. It is also sometimes informally referred to by traders as the “Loonie”...

Swiss Franc (CHF)

The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein. It is also sometimes informally referred to as the “Swissie” by traders...

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

To contact Dimitri, use the comments section below or @ZabelinDimitri on Twitter

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