What is g 10 currencies?

The G10 currencies are the currencies of ten industrialized nations that have strong and stable economies, large financial markets, and are widely traded in the international forex market. These ten currencies are the US Dollar (USD), Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD), New Zealand Dollar (NZD), Norwegian Krone (NOK), and Swedish Krona (SEK).

These currencies are considered to be the most liquid and widely traded in the world, with the US Dollar being the most dominant currency and the Euro being the second most dominant currency. The G10 currencies are used as reserve currencies by central banks around the world, and their exchange rates are closely monitored by investors and market participants.

The value of G10 currencies is influenced by a variety of factors such as economic growth, interest rates, political stability, inflation, and trade policies. The currencies are often subject to significant volatility in the forex market due to changes in these factors and their impact on the overall global economy.