2 : The Currencies Flashcards
EUR is seen as
High risk
Which currency is considered volatile and tricky to trade?
JPY
The two safe currencies are…
USD & JPY
Which currency is set up to fail?
EUR
JPY is reliant on what?
Commodities
The steady currency is…
GBP
Fundamental news affects GBP what way?
A predictable way
AUS has lots of…
Commodities, especially gold
Which currencies are most influenced by gold prices?
AUD & CHF
CAD has the third largest reserves of what commodity?
Oil
Oil prices influence which two currencies the most?
CAD & JPY
What percent of CADs oil goes to USD?
80%
Who buys most of CADs oil?
USD
CAD is most influenced by which currency?
USD
What does NZD export?
Soft commodities - milk powder, butter, cheese
If the price of oil is RISING then which currency is going to benefit?
CAD
If the price of oil is LOW the which currency is going to benefit?
JPY
Which currency is most likely to be influenced by interest rates at this moment in time?
NZD
What’s he best word to sum up CHF?
Safety
What’s the order of importance of the top 8 currencies?
USD, EUR, JPY, GBP, AUD, CAD, NZD, CHF