The most important currencies

In the Forex market you take in consideration a pair of currencies but very often you come along pairs of currencies more than others. The main currency is the US Dollar ( USD ): not only it is the most important currency in the world but it is also a scale used to evaluate the other currencies used in the Forex market. Following the US Dollar is the Euro ( EUR ), Japanese Yen ( JPY ), British pound ( GBP ), the Swiss franc ( CHF ), the Canadian Dollar ( CAD ) and the Australian dollar ( AUD ).

Nowadays the Euro is a strong international presence, as a matter of fact the couple between Euro and Dollar ( EUR / USD ) is the strongest of the moment. The Japanese Yen has a minor international presence compared to the Euro and US Dollar.
The British pound was the currency of reference before the end of World War II. Finally, the Swiss franc is one of the four most major currencies, despite the economy of Switzerland is relatively small.

The best moment of trading for the EUR/USD and for the GBP/USD is during the end of the session of Tokyo and the beginning of the session of London. USD/JPY best time of trading is during the session of Tokyo, but the volumes are very low during the session of London.