1. Freely convertible foreign currencies other than non-US currencies, such as euro ¡¢¡¢¡¢¡¢¡¢ Hong Kong dollars, etc.
2. Commodity currency The so-called commodity currency mainly refers to the resources and export propensity of the countries to which the currency belongs.
The Australian dollar and the Australian dollar are typically commodity currencies.
The characteristics of commodity currency are mainly high, and the proportion of exports is higher.
3. Speculative currency Sterling and the yen are speculative currencies, which happen to be on both sides of the Eurasian continent and are island countries.
Sterling used to be the world currency. At present, it has a relatively high exchange rate against the US dollar, so its daily fluctuations are relatively large. In particular, its trading volume is much lower than that of Euro, so its currency characteristics are reflected in strong volatility.
4. Safe Haven currency The traditional safe haven currency is the Swiss franc.
Switzerland is a traditional neutral country, Swiss franc is also a traditional hedge currency, political instability, can attract hedge capital inflows.
5. European Currency All currencies issued by countries that are geographically part of Europe belong to the European currency.
The euro, which accounts for 57.6% of the U.S. dollar index, is the largest currency, so it’s basically a countercurrency to the dollar, and investors can look to it to gauge the greenback’s strength.