DEFINITION of Major Pairs
These four major pairs are deliverable currencies and are part of the g10 currency group.
BREAKING DOWN Major Pairs
These currency pairs are considered by many to drive the global forex market and are the most heavily traded. Although it is widely regarded that the major pairs consist of only four pairs, some believe that the USD/CAD and AUD/USD pairs should also be regarded as majors. However, these two pairs can be found in the group of pairs known as the "commodity pairs."
The five currencies that make up the the major pairs - U.S. dollar, euro, Japanese yen, British pound and Swiss franc - are all in the top seven of the most traded currencies. And as expected, these currency pairs are the most liquid.