A currency peg deliberately fixes a country’s exchange rate to another currency, trading monetary policy flexibility for exchange-rate stability.

Commodity currencies like the Australian, Canadian, and New Zealand dollars move closely with the raw materials their export-driven economies depend on.

Safe haven currencies like the US dollar, Japanese yen, and Swiss franc are expected to retain or gain value specifically during periods of market turmoil and geopolitical stress.

A pip is the standard unit forex traders use to measure price movement, while a pipette is a smaller, more precise fractional unit equal to one-tenth of a pip.