MARKETS / CURRENCIES
Two currencies.
A world of influences.
A currency pair expresses the value of one currency in another. Understanding the relationship starts with the economies behind it.
Read the relationship.
In a pair such as EUR/USD, the first currency is the base and the second is the quote. A change in the pair reflects a change in their relative value, rather than the strength of either currency in isolation.
WHAT MOVES THIS MARKET
01
Interest-rate expectations
Central-bank decisions, guidance and inflation data can reshape expectations for a currency.
02
Economic releases
Employment, growth and trade data may change the outlook. The difference between a release and expectations can matter.
03
Liquidity and timing
Trading activity varies across sessions and around announcements. Prices and transaction costs can change quickly.
See the risks clearly.
Currency markets can move sharply during policy announcements or unexpected events. Leverage, where available, magnifies losses as well as gains. Gaps and changing liquidity may affect execution.
Before you trade
Confirm the exact pair, product structure, contract size, costs, trading hours and any financing before placing a trade.
A little more context.
Does the illustrated pair confirm availability?
No. Pairs and currency symbols are used to explain the market. The VibleMarkets instrument list and trading conditions still require business approval.
Where can I follow scheduled releases?
The Financial Calendar contains an official third-party economic calendar. Event coverage, time zones and updates are controlled by its provider.