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The most traded pairs of currencies in the world are called the Majors.EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD
There are many currencies traded in the forex market. Each currency is then paired along with another making a currency pair. Currencies that are not paired with the US Dollar but consist of the Euro, the UK Pound and Yen are minor pairs. These are the three most traded currencies beside the US dollar. Minor pairs have a smaller market share compared to major pairs. Because of this they can exhibit lower market liquidity. Lower market liquidity will mean that a broker will give wider dealingforex spreads.
List of Minor Pairs
EUR/GBP — Euro/British pound.
EUR/AUD — Euro/Australian dollar.
GBP/JPY — British pound/Japanese yen.
CHF/JPY — Swiss franc/Japanese yen.
NZD/JPY — New Zealand dollar/Japanese yen.
GBP/CAD — British pound/Canadian dollar.
Currencies that are not paired with the US Dollar but consist of the Euro, the UK Pound and Yen are known as minor pairs.
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