Which is Important currency ?

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Before we turn to monetary theory

The Canadians are very happy about this

Were the dollar to depreciate

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The U.S. Dollar

First and foremost is the U.S. dollar

which is easily the most traded currency on the planet.

investment entity in the world.

In addition, due to the U.S. dollar's global acceptance

The dollar is an important factor, too, in the foreign exchange rate market for other currencies

Although still relatively new to the world stage

Along with being the official currency for most eurozone nations

The Japanese yen is easily the most traded currency out of Asia and viewed by many as a proxy for the underlying strength of Japan's manufacturing-export economy

The Great British pound

Also known as the loonie, the Canadian dollar is probably the world's foremost commodity currency

Last on our list is the Swiss franc

which, much like Switzerland

As we have seen, every currency has specific features that affect its underlying value and price movements relative to other currencies in the forex market.

Although the foreign exchange market is often billed as a banker's game, currencies can sometimes be great diversification for a portfolio that might have hit a bit of a rut.

The current committee is comprised of five of the 12 current Federal Reserve Bank presidents and seven members of the Federal Reserve Board

Its on;ly a note

Dollar

Rupees