Member-only story
Major Currency Pairs: A Comparative Analysis Over the Last Week
4 min readMay 22, 2023
In the world of foreign exchange (Forex), the value of a currency is given in pairs. Here, we will be comparing the performance of the five major currency pairs over the last week. These pairs include:
- EUR/USD (Euro/US Dollar)
- USD/JPY (US Dollar/Japanese Yen)
- GBP/USD (British Pound/US Dollar)
- AUD/USD (Australian Dollar/US Dollar)
- USD/CAD (US Dollar/Canadian Dollar)
These pairs are considered “major” because they are the most traded pairs, and they represent some of the world’s largest economies.
EUR/USD
The EUR/USD pair shows a relatively stable trend with minor fluctuations. This stability can be attributed to the strong economic ties and the balance of trade between Europe and the United States.
