Cross Currency Pair

Cross Currency Pair - A currency pair that does not include the U.S. dollar. Cross pairs (often called “crosses”) involve two non-USD currencies, such as EUR/GBP or AUD/JPY. For example, EUR/GBP is a euro vs. British pound cross (neither currency is USD). Crosses are common for European and Asian currency combinations. According to Investopedia, a cross currency pair is “one that… does not include the U.S. dollar”. Trading crosses avoids the USD as a middle step but can involve wider spreads or volatility.