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What are Majors, Minors, and Exotics in Forex?

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What are Majors, Minors, and Exotics in Forex?

Major currency pairs are those that include the US dollar and the currencies of the world’s largest economies like EUR/USD, GBP/USD, and USD/JPY. Minor or cross currency pairs include two major currencies, but not the US dollar, like GBP/EUR. Exotic currency pairs include a major currency and the currency of a developing economy, like USD/TRY (US Dollar/Turkish Lira).