💱 EURJPY (€/¥) & STATISTICS
ℹ️ The Euro versus the Japanese Yen. EURJPY is one of the most liquid Euro crosses, combining the Euro’s popularity with Japan’s strong export performance. It is a highly volatile Forex pair, traded with tight spreads. The Yen is traditionally a low-yielding currency, making it attractive for carry traders who sell the Yen to buy higher-yielding currencies.
✅ EURJPY represents1.9% of the foreign exchange market volume.
💱 EURAUD & STATISTICS
ℹ️ The Euro versus the Australian Dollar. EURAUD represents about 0.39% of the foreign exchange market volume. Australia is a major exporter of commodities, especially Gold, making the Australian dollar a commodity currency.
✅ The Australian dollar is not included in the US Dollar Index.
✅ AUDUSD is positively correlated with the price of gold (XAUUSD).
💱 EURCAD INFO & STATISTICS
ℹ️ The Euro versus the Canadian Dollar. The Canadian economy is closely tied to the US, with 85% of exports going to the United States and about half of imports coming from there. EURCAD represents roughly 0.34% of the foreign exchange market volume.
✅ Canada is a major exporter of oil, gas, and metals, and the Canadian dollar is closely linked to crude prices. 🔗 Information About Crude Oil Trading
✅ The euro makes up 57.6% of the US Dollar Index, while the Canadian dollar accounts for 9.1%.
✅ Canada is a member of both the G7 and the G20. The G7 includes the United States, France, Germany, Italy, Japan, Canada, and the United Kingdom.
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