Currency pair guides
Reference guides to the major and cross currency pairs — what moves each pair, the central banks behind them, trading sessions, and volatility.
Major pairs
- EUR/USDFiberEuro / US DollarEUR/USD is the world's most traded currency pair, driven primarily by the policy divergence between the ECB and the Federal Reserve.
- GBP/USDCableBritish Pound / US DollarGBP/USD ('Cable') reflects the policy gap between the Bank of England and the Federal Reserve, with extra sensitivity to UK political and fiscal news.
- USD/JPYNinja / GopherUS Dollar / Japanese YenUSD/JPY is dominated by the US–Japan interest-rate differential and is central to global carry trades and intervention risk.
- USD/CHFSwissieUS Dollar / Swiss FrancUSD/CHF ('Swissie') blends the US rate story with the franc's safe-haven status and active SNB management.
- AUD/USDAussieAustralian Dollar / US DollarAUD/USD ('Aussie') is a risk-on, commodity-linked major sensitive to Chinese growth, iron-ore prices, and the RBA–Fed gap.
- USD/CADLoonieUS Dollar / Canadian DollarUSD/CAD ('Loonie') combines the BoC–Fed policy gap with crude-oil prices and deep US–Canada trade links.
- NZD/USDKiwiNew Zealand Dollar / US DollarNZD/USD ('Kiwi') is a high-beta, commodity-linked major driven by RBNZ policy, dairy prices, and global risk appetite.
Crosses
- EUR/GBPEuro / British PoundEUR/GBP is a major euro cross expressing the relative policy and growth outlooks of the euro area and the UK.
- EUR/JPYEuro / Japanese YenEUR/JPY is a widely watched cross that blends euro fundamentals with the yen's role in carry trades and risk sentiment.
- GBP/JPYDragon / GuppyBritish Pound / Japanese YenGBP/JPY ('Guppy') is a high-volatility cross combining sterling's sensitivity with the yen's carry and risk dynamics.
- USD/CNHUS Dollar / Offshore Chinese RenminbiUSD/CNH tracks the dollar against the offshore renminbi, shaped by the PBoC's daily fix, Chinese policy, and global risk.