Currency & Pairs
Beginner
Cross Pair
Also called: cross, non-USD pair
A currency pair that doesn't include the US dollar — e.g. EUR/GBP, AUD/JPY.
Definition
Cross pairs typically have wider spreads than majors because they’re derived from two USD pairs internally. Their volatility profile is also different — often more directional than majors during specific sessions.
Example
EUR/GBP, AUD/NZD, GBP/JPY are all crosses. EUR/USD, USD/JPY are not.