Cross Rate

An exchange rate between two currencies not involving the USD.

Detailed Definition

A cross rate is an exchange rate between two currencies computed by reference to a third currency, usually the US Dollar. For example, EUR/GBP is a cross rate.

Related in Forex

Central Bank

An institution managing a state's currency and monetary policy.

Dovish

An economic outlook favoring lower interest rates.

Quantitative Easing (QE)

Central bank purchasing of securities to increase money supply.