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Tuesday, May 26, 2009

FX Jargon

Every discipline has its own jargon, and the currency market is no different. Here are some terms to know that will make you sound like a seasoned currency trader:

  • Cable, sterling, pound - alternative names for the GBP
  • Greenback, buck - nicknames for the U.S. dollar
  • Swissie - nickname for the Swiss franc
  • Aussie - nickname for the Australian dollar
  • Kiwi - nickname for the New Zealand dollar
  • Loonie, the little dollar - nicknames for the Canadian dollar
  • Figure - FX term connoting a round number like 1.2000
  • Yard - a billion units, as in "I sold a couple of yards of sterling."

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