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Igor

Counter Currency Definition

By Igor, in Trading Dictionary

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Igor    10

Igor
Posted

Counter currencies are generally seen as the more liquid currency in a given forex pair. This can be seen in many examples, such as the GBP/USD or AUD/JPY and the counter currency provides a measure for the value of the first currency listed. For example, in the EUR/USD we can see how number of Euros it takes to purchase 1 US Dollar.

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