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The most commonly traded currencies in the forex market are the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP). These currencies are popular because they represent the largest and most stable economies in the world, making them ideal for trading.
US Dollar (USD) is the world's primary reserve currency.
Euro (EUR) is the second most traded currency, used by Eurozone countries.
Japanese Yen (JPY) is a major currency in the Asia-Pacific region.
British Pound (GBP) is the currency of the United Kingdom.
Swiss Franc (CHF) is known for its stability and is often a safe haven.
Australian Dollar (AUD) represents the Australian economy and is influenced by commodities.
Canadian Dollar (CAD) is often affected by oil prices due to Canada’s oil exports.
New Zealand Dollar (NZD) represents New Zealand’s economy and is also influenced by commodities.