The attributes of major currencies

1、 USD
The US dollar is a global hard currency, with central banks as the main currency reserves. The political and economic status of the United States determines its status. At the same time, the United States also manipulates the US dollar exchange rate to serve its own interests, sometimes at the cost of sacrificing the interests of other countries. The words and actions of the United States have a significant impact on the foreign exchange market, therefore, it is very important to consider the attitude of the United States towards the US dollar exchange rate from the perspective of its own interests to grasp the trend of the exchange rate.


2、 Euro
　　1.Except for the US dollar, it is the variety with the largest trading volume. It can be treated as the opposite of the US dollar and holds a significant proportion in the US dollar index;
　　2.The active time is during European trading hours and US trading hours;
　　3.The attributes are relatively stable, the trend is relatively standardized, and there are fewer false breaks. Generally, the number of fluctuation points in a day is80Point around.
　　4.Whenever important economic data is released in the United States or Europe, the impact is often the largest among European currencies.
　　5.The significant impact of cross exchange rates is:EUR/JPY、EUR/GBP、EUR/CHF。


3、 GBP
　　1.Like the euro and Swiss franc, they belong to European currencies and have a relatively consistent overall direction. Occasionally, there may be individual strengthening/A weakening market trend;
　　2.The interest rate of the pound is relatively high, and sometimes it performs well due to the positive stimulus of a strong high-interest currency;
　　3.The fluctuation points are relatively large, but in terms of percentage, they are similar to the euro and Swiss franc; Generally, fluctuations occur throughout the day120Point around.
　　4.The significant impact of cross exchange rates is:GBP/JPY、EUR/GBP、GBP/CHF。


4、 Japanese yen
　　1.The trend is relatively independent;
　　2.Easily affected by cross traffic;
　　3.March is the settlement month of Japan's fiscal year, and historically, there have often been significant strong market trends during this month;
　　4.September is Japan's semi annual fiscal settlement month, and there is often a significant strengthening trend;
　　5.The Japanese government is the only government in the world that frequently intervenes directly in the foreign exchange market. And the direction of intervention is generally to push down the yen.
　　6.The significant impact of cross exchange rates is:EUR/JPY、GBP/JPY。


5、 Canadian dollars
　　1.High interest currency;
　　2.The trend has strong directionality, and once a midline direction appears, it is relatively easy to break out of a larger unilateral market trend;
　　3.The main active period is during trading hours in the United States (which is also the opening time of the Canadian market);
　　4.In unilateral trends, there may sometimes be prolonged consolidation;
　　5.Canada is the only country among the seven Western countries that exports oil, so the rise in oil prices is a big advantage for the Canadian dollar, making it perform well in the cross market against the Japanese yen.


6、 Swiss franc
　　1.The trend is basically the same as the euro. Due to the stability of the Euro Swiss cross market in the short term, the short-term rise and fall are generally consistent with the euro. However, if there is a significant change in the Euro Swiss cross market, there will also be a phenomenon of a relatively strong short-term currency;
　　2.Having a hedging attribute, if the world situation is unstable, the Swiss franc is generally favored by the demand for hedging;
　　3.The trend is relatively unstable compared to the euro, so when using technical analysis, it is important to pay attention to the occurrence of false breakdowns;
　　4.The significant impact of cross exchange rates is:EUR/CHF、GBP/CHF。


7、 AUD
　　1.High interest currency;
　　2.Trends andgoldWaiting for goodsfuturesThere is a significant connection (due to Australia's large gold production);
　　3.Due to Japan's significant investment in Australia, there is often a significant decline in the market before and after Japan's fiscal settlement (due to the return of funds from Japan to the domestic market);
　　4.Receive New Zealand dollars（NZD）The trend has a significant impact;
　　5.The important role of cross exchange rates is:NZD/AUD

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