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The FX market is considered to be the most liquid market in the world.
Currency pair trading involves exchanging one currency for another based on their relative values.
Market movements occur within FX and can cause the price to fluctuate.
The currency pair with the most transactions in the world. It covered 24% of the daily FX trades in the over the counter (OTC) market in 2019.
Referred to as the Loonie. Commodity prices, the main export of Canada being oil, and the interest rate differential between the two countries regulate its liquidity.
Commodity prices, the main export of Canada being oil, and the interest rate differential between the two countries regulate its liquidity.
The period when this pair is traded most is during economic crises and geopolitical events because its value increases with the rise in market risk.
This currency pair also emphasizes on commodities and trends show it fluctuates in cycles due to Australia’s exports in minerals, metals, and other commodities.
The GBP/USD currency pair is known as the ‘cable’ because of telegraph wires used for transmitting the orders between New York and London.
Two choices and numerous approaches.
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