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MARGIN TRADING INVOLVES SIGNIFICANT RISK TO YOUR INVESTED CAPITAL

USD - US Dollar

The USD – US dollar is the official currency of the United States of America. It is the world's leading currency represented by the currency code of USD or symbol $. The USD is widely used in most foreign transactions even passing as an official currency in countries outside of the U.S. including East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau among others. The currency was introduced through the Coinage Act of 1792 which laid emphasis on bimetallism, where the dollar equaled the value of determined amounts of gold and silver. It has reigned as the world's dominant reserve currency since the end of World War II. Around this time, the world's most developed countries signed the Bretton Woods Agreement where exchange rates of major currencies were pegged to the US dollar given the US was the world's most powerful economy.

In the foreign exchange market, the US dollar is a highly traded currency as more than 86% of forex trading involves the dollar. The currency pairs commonly known as the majors include USD pairs with EUR, JPY, GBP, CHF, AUD, CAD and NZD. There is always a demand for US dollars since the currency is necessary for use in international trade (gold and oil transactions are priced in USD). The Federal Reserve of the United States controls the monetary policy of the US.

USD Pairs

Instruments Bid Ask Change
USDCHF SELL BUY -0.06%
USDJPY SELL BUY -0.30%
USDCAD SELL BUY 0.24%
USDNOK SELL BUY -0.20%
USDSEK SELL BUY 0.30%
USDDKK SELL BUY -0.07%
USDTRY SELL BUY 0.12%
USDHKD SELL BUY 0.07%
USDMXN SELL BUY -0.08%
USDPLN SELL BUY -0.08%
USDSGD SELL BUY -0.08%
USDZAR SELL BUY 0.02%
USDCNH SELL BUY 0.19%

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

TRADE RESPONSIBLY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.

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Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.