 |
Definition of 'Cross Currency'
A pair of currencies traded in forex that does not include the U.S. dollar. One foreign currency is traded for another without having to first exchange the currencies into American dollars.
|
 |
Investopedia explains 'Cross Currency'
Historically, an individual who wished to exchange a sum of money into a different currency would be required to first convert that money into U.S dollars, and then convert it into the desired currency; cross currencies help individuals and traders bypass this step. The GBP/JPY cross, for example, was invented to help individuals in England and Japan who wanted to convert their money directly without having to first convert it into U.S dollars.
|
-
Tap into a world of possibilities by going beyond the simple pro- or anti-dollar trade.
Read More »
-
Market hours for Tokyo, London and New York determine volatility peaks. Find out how.
Read More »
-
Gain a trading edge by learning how macroeconomic forces play out differently for various pairs in the forex market.
Read More »
-
-
Learn the pros and cons of trading forex through these two types of brokers.
Read More »
-
Capitalize on the yield of the interest rate differential by using flags and pennants.
Read More »
-
Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
Read More »
-
Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
Read More »
-
Can your forex broker offer you the most competitive pricing? Learn how the market's biggest players affect you.
Read More »
-
Learn why event-driven scalping in the currency market involves balancing fundamentals with technicals.
Read More »
-
In this online tutorial, beginners and experts alike can learn the ins and outs of the retail forex market.
Read More »
-
Read More »
|
|
