Forex Trading Blog | Cross Currency?
Forex Trading Blog
Cross Currency? What is that?Our forex trading blog likes to hit all point of forex trading. Sometimes we even dive into other forms of investing. We believe that the more you know, the better off you are prepared. Our forex trading blog tries to educate the readers as much as possible. This forex trading blog post will talk the term “Cross Currency”. Although it might sound mathematical, or some weird algorithm. To be honest, it is one the most simple sayings in Forex trading. Cross Currency is the exchange of two currencies that exclude the US dollar. That is it! Back in the younger years of the foreign exchange market, all traders had to use the US dollar at one point or another to complete a transaction. Once Cross Currency came into affect, it made the dollar not as much as a universal currency as before. Even with cross currency trading, the “major” currencies still stand as:The U.S. dollar, the euro, the British pound, the Japanese yen and the Canadian dollar. Read more: http://www.investopedia.com/ask/answers/06/usddenominatedaccount.asp#ixzz22MFmvZ4A In my personal opinion, I believe that has helped devalue the $ since the demand is not inelastic. For more articles from our forex trading blog are found on the bottom of this post. Hope that you enjoyed this little article!
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