Powered by Investing.com
In forex and investing, Single Currency Crosses refers to a group of currency pairs that all share one common currency.
For example, if the common currency is the USD, then these are USD single currency crosses:
- EUR/USD
- GBP/USD
- USD/JPY
- AUD/USD
- USD/CAD
The “single currency” is USD because every pair includes it.
More examples:
EUR Single Currency Crosses
All pairs containing EUR:
- EUR/USD
- EUR/GBP
- EUR/JPY
- EUR/AUD
- EUR/CHF
JPY Single Currency Crosses
All pairs containing Japanese yen:
- USD/JPY
- EUR/JPY
- GBP/JPY
- AUD/JPY
Traders use single currency crosses to:
- measure the overall strength of one currency
- compare performance across multiple pairs
- identify market trends
- hedge exposure
Example:
If:
- EUR/USD rises
- EUR/JPY rises
- EUR/GBP rises
then traders may conclude the euro is broadly strengthening across markets.
This concept is common in:
- forex trading platforms
- technical analysis dashboards
- currency heatmaps
- macro trading strategies
You may also hear related terms:
| Term | Meaning |
|---|---|
| Major Pairs | Pairs involving USD |
| Cross Currency Pairs | Pairs without USD (EUR/GBP, GBP/JPY) |
| Currency Basket | Group of pairs representing one currency |
| Currency Index | Weighted measure of one currency’s strength |
You can explore forex pair data on platforms like TradingView or Investing.com Forex.
Get smarter responses, upload files and images, and more.
Share To