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Currency Cross
Definition: A currency cross is an instrument tradable on the foreign exchange market that does not include the US Dollar.
Additional Info: Traditionally changing GBP (Great Britain Pound) into JPY (Japanese Yen) would require changing the GBP into US Dollars and changing these Dollars into JPY. Currency crosses were invented to make the changing of foreign currencies much easier by eliminating the Dollar transaction, hence the GBPJPY currency cross. Related Terms: Currency Pair
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