So, we looked at the more common and popular currency couples, but it is safe to assume that not all of the newcomers are going to agree to only stick to the really popular ones. Some of us want to try something different. And that is where the subjects for our today’s discussion comes in – minors.
Minor currency couples can also be quite profitable. want to take a look at them?
1. USD/TRY
Although the relationship between these two haven’t been at their best lately, it is still interesting to look at that dynamic from the side. Plus, this couple includes THE major player in the markets, so it is going to be easier for us, as we already know the dynamic of at least one of the currencies. So, even if you are not sure what’s up with Turkish lira, you can master dollar performance for sure.
2. AUD/JPY.
Yen and Australian dollar are not supposed to go together at all. But we see that that is not the case with these two at all. What is so special about their connection you ask? Well, it seems that the interest rate between the two currencies is as different as it can be. And that means that we can make money simply playing off interest rate for the two.
3. CAD/JPY.
As the contrast towards the previous entry these two are fully dependent on the oil prices. Canada is one of the major producers of the crude and Japan is an exporter of the crude. That means that the price for crude is a full influence for the trading process of this couple.
4. AUD/CAD.
Both of the economies are really dependent on the export. Plus, they used to be the parts of the same group – British colonies. That means that their monetary relationship is not as far away as the countries themselves. Trading these two can be really turbulent and interesting as they depend on oil and gold prices and trading volume. And we know how those two love to behave.