Partner Center
Find a Broker
Definition
Various weightings of other currencies grouped together in relation to a basket currency. Sometimes used by currencies to fix their rate, often on a trade-weighted basket.
Currency Basket
Categories
Other
Related Terms
-
An index that measures the change in price of a representative basket of goods and services such as food,...
-
Trade balance measures the ratio of exports to imports for a given country’s economy. If exports are...
-
A currency peg, sometimes referred to as a [[Fixed exchange rate|fixed exchange rate]], is a kind of...
-
Currency intervention occurs when one central bank or more buys (or sells) a currency in the foreign...
-
The Federal Reserve of the United States, commonly known as the Fed, is the organization responsible for...
Related Articles
GLOBAL MARKETS-Asia Stocks Pull Back After Soft China Data; Oil Higher
Asian stocks pulled back on Tuesday, brushing off a firmer lead from Wall Street.
Read MoreSterling Slips On Political Uncertainty
Sterling edged down against the dollar on Monday, as investors worried about political uncertainty in Britain as it emerged that Prime Minister Theresa May was facing a fresh challenge in pushing through her Brexit plans.
Read More
Asian Session Recap: Risk Appetite Eclipses Reactions to Trump’s Address
There were tons of market-moving data during the Asian session, which is probably why forex traders showed minimal reaction to the POTUS’ first address.
Read More
Asian Session Recap: Yuan Drops to 6-Month Lows on Renewed Trade War Risks
Risk aversion reigned supreme during the Asian session, as traders price in the possibility of China preparing for a “full-scale” trade war.
Read More