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Tool Guides3 min readAnalyst desk

FX Cross Rates: everycurrency against every other.

FX cross rates show every major currency against every other on 1 grid. It sounds simple, but it answers a question traders often miss: is this a dollar move, or a move in the other currency?

If EURUSD falls, the grid shows you whether the euro is weak everywhere or only against the dollar.

FX Cross Rates: every pair on 1 gridUSDEURGBPJPYUSD10.87800.7550158.37EUR1.138910.8598180.36GBP1.32461.16311209.77JPY0.00630.00550.00481

What it shows

A matrix of the major currencies with the live rate and the daily change for every pair.

How to read it

Read across a row. If the euro is down against everything, the move is about the euro. If it is only down against the dollar, the story is the dollar.

Use it in real trading

The tool informs the decision, it never makes it. Here is how it plays out on real trading days.

1
Find the driver

EURUSD falls, but EURGBP rises. The dollar is strong and sterling is weaker still. GBPUSD is the cleaner short.

2
Avoid double exposure

You are short EURUSD and GBPUSD. The grid shows both are the same dollar trade.

Mistakes to avoid

  • Trading 3 pairs that are the same bet.
  • Blaming the wrong currency for a move.
  • Ignoring the crosses completely.

What makes it different

The grid sits next to Currency Strength, so you see the rates and the ranking together.

Questions

Which currencies are on the grid?

The major currencies.

Is it live?

Yes, rates update through the day.

Why trade a cross?

When 2 currencies have opposite stories, the cross often moves more cleanly.

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