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Non-U.S. currencies

2023/2/25 20:12:05  Classification:   Participation: 5  

Brief description Non-U.S. currencies— — Th rebatesinforex is one of the terms commonly used rebateinforextrading the international foreign bestforexrebate market, referring to freely convertible foreign currencies other than the U.S. rebatemeaninginforex, such as the cashback forex, British pound, Australian dollar, Japanese yen, Swiss franc, Hong Kong dollar, etc. Classification of world currencies Non-U.S. currencies Freely convertible foreign currencies other than the U.S. dollar, such as the euro, British pound, Australian dollar, Japanese yen, Swiss franc, Hong Kong dollar, etc. The so-called commodity currencies are mainly related to the resources best forex rebate export tendencies of the countries to which these currencies belong, and the Australian and Canadian dollars are typical commodity currencies. In addition, although Australia is not an important producer and exporter of gold, the positive correlation between the Australian dollar and the price of gold and oil is relatively obvious, especially in 2007, the price of gold and oil rose sharply, pushing up the price of the Australian dollar. In addition, the Australian dollar is a high-interest currency, and the outlook for interest rates in the United States and the movement of Treasury yields reflecting the interest rate outlook also have a greater impact on it. Canada is the most export-dependent of the seven Western countries, with exports accounting for 40% of its GDP, and its exports are mainly agricultural and marine products. Canada, Latin American countries and Australia as the main representatives), 80% of its exports are the United States, and the U.S. economy is extremely dependent on the exchange rate, that is, the Canadian dollar against major currencies and the dollar against major currencies basically the same trend, for example, the euro against the Canadian dollar and the euro against the U.S. dollar in the graph to maintain a good isotropy, only in recent years the general decline in the dollar, such links slowly weakened Speculative currencies The British pound and the Japanese yen are both speculative currencies. Speculative currencies, it so happens that these two countries are on both sides of the Eurasian continent, and both are island countries pound is once the worlds currency, is currently the most valuable currency, because of its higher exchange rate against the dollar, and therefore the daily fluctuations, especially its trading volume is much less than the euro, so its currency characteristics are reflected in the more volatile and London as the earliest foreign exchange trading center, the traders skills and experience are the top The trading skills in the British pound movements are well reflected therefore, the pound relative to the euro, more human factors, especially short-term fluctuations, those traders on the less experienced investors & ldquo; deception & rdquo; can be described as & ldquo; repeatedly tried & rdquo; therefore, the short term operation of the pound is a litmus test of investor skills, and those with experience and The lack of skills of investors, against the pound is best to stay away because Japans domestic market is small, export-oriented economy, especially in the last decade or so of economic recession, exports have become the lifeline of domestic economic growth, therefore, economic intervention in the exchange market, so that the yen exchange rate is not too strong, to maintain the competitiveness of export products become Japans customary foreign exchange strategy Bank of Japan is the worlds most frequent intervention in the exchange rate of the central bank, and Japans rich foreign exchange reserves, the ability to intervene in the foreign exchange market is strong, therefore, for the foreign exchange market investors, the Bank of Japans attention is of course necessary for the Japanese side of the means of intervention in the foreign exchange market is mainly verbal intervention and direct entry into the market Therefore, the Bank of Japan and the Ministry of Finance officials remarks on the yens short-term fluctuations have a greater impact on the short-term investors need to focus on, but also the difficulty of short-term operation of the yen Risk-averse currencies Due to Eurasia countries are crisscrossed, so more international disputes, but the United States has an inherent geographical advantage, so the United States in the two world wars have acted as a hedge role, and still do but, the traditional sense of the hedge currency is the Swiss franc Switzerland is a traditional neutral country, the Swiss franc is also a traditional hedge currency, political turmoil period, can attract hedge capital inflows In addition, the Swiss constitution has provided that each The Swiss franc must be backed by 40% gold reserves, although this provision has lapsed, but the Swiss franc and gold prices still have a certain psychological link between the rise in the price of gold, can drive the Swiss franc a certain degree of rise European currencies The currency issued by countries that geographically belong to Europe are European currencies The euro stands for the dollar index weight of 57.6%, the largest currency, therefore, the euro can basically be seen as a rival currency to the dollar. Therefore, the euro can be seen as a rival currency of the dollar, investors can refer to the euro to judge the strength of the dollar euro weight is also reflected in its currency characteristics and trends, because the proportion and trading volume, the euro is the most robust currency in the main non-U.S. currencies, as the stock market in the large cap stocks, often drive the European currencies and other non-U.S. currencies, playing a & ldquo; leader & rdquo; role therefore, newcomers to the market, the euro as the main operating weight. The US system currencies The US system currencies are also a key currency group to focus on The so-called dollar group refers to those countries that have a very close relationship with the US economy, which mainly includes the implementation of free trade zones or money free trade agreements with the United States of America, with Canada, Latin American countries and Australia as the main representatives At the same time, will become the US group currencies are Singapore in Asia, we already know that the United States and Singapore have signed a bilateral free trade agreement, Singapores economy will further increase its dependence on the United States in the future Introduction of major non-US currencies I. British Pound Pound Sterling Currency Name: Pound Sterling (POUNDSTERLING) Issuer: Bank of England (BANKOFENGLAND) Currency Abbreviation: GBP Currency Pair: GBP (Pound)/USD (United States Dollar) The British pound is a European currency, and the euro is more closely related to the British political and economic relations with the eurozone, and the United Kingdom is an important member of the European Union, so the EU On the political, economic and policy changes, the impact on the pound Sterling to the U.S. dollar exchange rate prices are higher, the daily fluctuations are also relatively large, and London as the worlds earliest foreign exchange trading center, traders are very rich trading experience, and trading skills are also the worlds top these trading skills in the movement of the pound is also fully reflected, so the pound relative to the euro Therefore, the pound relative to the euro, more human factors, especially the short term fluctuations in the pound, is a litmus test for investors trading level, for beginners with insufficient experience and skills, it is best to the pound or away from Second, the euro Currency name: the euro (EUROPEANDOLLAR) Issuer: European Central Bank (EUROPEANCENTRALBANK) Currency abbreviation: EUR Currency pair: EUR (EUR)/USD EUR (EUR) / USD (USD) The euro is relatively its unique background and status, and lead to a more fragmented political structure, the interests of more countries, can not be compared with the U.S. dollar But the euro occupies a greater weight in the U.S. dollar index, so investors can refer to the euros exchange rate changes to determine the strength of the U.S. dollar exchange rate The euro is relatively robust currency among the major non-U.S. currencies, so As a newcomer to the market, choose the euro to trade more secure At the same time, the euro trend is relatively smooth, and trading volume, not easy to be manipulated, therefore, only from the technical analysis point of view, the grasp of its longer-term trend is more effective In addition to some special market conditions and trading hours, in general, the important points and trend lines of resistance and support levels and patterns of breakthrough, the possibility is relatively strong Three Switzerland is a well-known neutral country, the Swiss franc is also a traditional safe-haven currency, in the event of political turmoil in the world, people will put their money into Switzerland for hedging. Historically, the Swiss constitution used to stipulate that every Swiss franc dollar must be backed by 40% of gold reserves, although this rule is no longer valid, but the Swiss franc and gold prices still have a certain psychological link When the price of gold rises, it can drive the Swiss franc up to a certain extent In determining the rise and fall of the Swiss franc exchange rate, more external factors, but The Swiss franc is mainly influenced by the exchange rate of the U.S. dollar, because the Swiss franc also belongs to the European currency, so, in general, the movement of the Swiss franc exchange rate basically follows the movement of the euro exchange rate The Swiss franc currency always has a small amount of money, in special times, especially in political turmoil and special events, there will be a large number of investors and safe-haven demand for capital flow into Switzerland, so that the market price of the Swiss franc changes, therefore The Australian dollar currency name: Australian dollar (AUSTRALIANDOLLAR) Issuer: Reserve Bank of Australia (RESERVEBANKOFAUSTRALIA) Currency abbreviation: AUD Currency pair: AUD (Australian dollar) / USD (U.S. dollar) AUD is a commodity currency is also a high-interest The Australian dollar is a commodity currency and a high-interest currency, as Australia has an advantage in international trade in industrial products such as coal, iron ore, copper, aluminum, wool and cotton textiles, so when the prices of these commodities rise, the impact on the Australian dollar is great. International commodity futures index representing the worlds major commodity prices have been climbing, gold, oil prices rose sharply, pushing up the exchange rate of the Australian dollar also rose V. Japanese yen Currency name: Japanese yen (JAPANESEYEN) Issuer: Bank of Japan (NIPPONGINKO) Currency abbreviation: JPY Currency pair: USD (U.S. dollars)/JPY (yen) Although Japan is an economic power, but because of the small size of the country, the mineral resources of the country, the currency of the Japanese yen. Although Japan is a strong economic power, but due to the small size of the country, the lack of mineral resources in some areas subject to the influence of other factors in the economy from the point of view of the exchange rate, “ Plaza Agreement ” fully illustrates this point, Japans economy depends mainly on exports, so that the world economy has a relatively close contact, especially between trading partners which makes the yens exchange rate is vulnerable to the interference of external factors, such as; the rise in the price of oil on the Japanese economy. For example; the rise in the price of oil will have a negative impact on Japan, Chinas economic growth will also have an impact on Japan, so the Japanese government will often intervene in the movement of the exchange rate because the Japanese economy depends mainly on exports, the high and low price of the yen exchange rate is particularly important, in the yen exchange rate price is too strong, the Japanese government will intervene in the exchange market price verbally or directly into the field so investors should always Therefore, investors should always pay attention to changes in the international situation to the yen exchange rate fluctuations Six, the Canadian dollar Currency name: Canadian dollar (CANADADOLLAR) Issuer: Bank of Canada (BANKOFCANADA) Currency abbreviation: CAD Currency pair: USD (U.S. dollars) / CAD (Canadian dollars) Canada is a member of the seven Western countries, the countrys economy is mainly dependent on agricultural and marine products The Canadian dollar is a member of the U.S. dollar bloc (the U.S. dollar bloc refers to countries that have a very close relationship with the U.S. economy and have signed free trade agreements, with Canada, Latin America and Australia as the main representatives), and since most of its products are exported to the U.S., the rise and fall of the U.S. economy has a large impact on it. fluctuations in international oil prices have a certain impact on the Canadian dollar

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