Trading Currency

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Trading Currency

The currency used to settle an international transaction, especially when it is the currency of neither country involved in the transaction. For example, if a buyer in Romania uses U.S. dollars to purchase goods from a seller in Brazil, the dollar is the trading currency.
References in periodicals archive ?
Lucas paid for the family trip with more than $15,000 in profits earned trading currencies each day of the trip, which began on July 15 at Cape of Disappointment, Wash.
China's currency, also known as the yuan, is poised to join the US dollar and the euro as one of the world's top three trading currencies as China will settle 30 per cent of its annual trade in renminbi, equivalent to $2 trillion.
Players refrained from actively trading currencies Tuesday in New York before seeing Wednesday's outcome of the U.
Trading currencies in the Arab World requires a unique perspective apart from experience, says Tom Cleveland, an expert in forex trading.
Because foreign exchange can be a volatile market and all trades are leveraged, trading currencies requires careful risk management and a considered trading strategy.
It really needs to be addressed in the broader context of cross rates among the major trading currencies, as I'm sure you agree.
On the other hand, the yen has so far been supported against the dollar and major trading currencies by:
The vault was owned by the Bank of Nova Scotia, which held the metal as security for trading currencies in New York.
Also, many companies are reluctant to lock up value in special trading currencies or "trade dollars" rather than in cash.
We priced Learn to Trade Forex at $99 to make it accessible to anyone who has an interest in trading currencies," commented Mr.
com), will set out July 15 from the coast of Cape of Disappointment, WA headed for the Boston Harbor on a 100 day, 19 city, 4,100 mile, coast-to-coast cycling trip called Pedals and Profits and pay for the entire trip for a family of ten from the income he earns trading currencies each day.
TFI Markets ltd, a principal provider of online Forex Trading services since 1999, introduces a unique Premium retail account for trading currencies on its popular TFIFX online MT4 platform.