1.Commodity Currency
Commodity currencies are mainly the resources and export tendencies of the countries in which these currencies belong. The Australian dollar and Canadian dollar are typical commodity currencies. The main characteristics of commodity currency are high-interest rates, exports occupy a relatively high gross national product, and the major producers and exporters of some important primary products, its exchange rate changes in the same direction as a certain commodity or gold price.
2. Speculative Currency
Both the pound and the yen belong to the speculative currency, The pound is the world’s currency. It is currently the most valuable currency. Because of its high exchange rate against the US dollar, the daily fluctuations are also large. In particular, its trading volume is far worse than the euro, so its characteristics are cashed out as Strong volatility.
3. European Currency
The currencies issued by countries that are geographically located in Europe belong to the European currency. The weight of the euro in the US dollar index is 57.6%, which is the largest proportion. Therefore, the euro can basically be regarded as the opponents of the US dollar. Investors can refer to the euro to judge the strength of the US dollar. Because of its large proportion and the large volume of transactions, the euro currencies are the most stable in non-US currencies.
4. Asian sub-Currency
Asian sub-currency is mainly represented by the Japanese yen. When facing the risk of global economic imbalance, the appreciation pressure of the RMB is often raised to the approval of the yen.
5.US Currency