If you are actively trading in the New York Stock Exchange, one of the most active exchanges in the world, you should be very thankful. Its total daily transactions are averaging approximately at U.S. $50 billion, making it the largest stock exchange in the United States in terms of dollar volume. There are many individuals who want to get their feet wet on the ground of this New York City-based stock exchange.
As a trader you can choose to purchase or sell any currency amongst hundreds of options. But most regular traders stick to some popular currencies such as GBP, EUR, USD, CAD, JPY, AUD and CHF.
Canadian dollar (CAD) 09/11/2010 –The Canadian Dollar weakened versus the Dollar as the Dollar rallied against most major currencies on reduced demand for assets related to economic growth. The Canadian housing starts fell more than expected (168K vs. 181K), which supported a weaker Canadian dollar.