Crosses is the label given to currency pairs that do not involve the USD (Us Dollar). Some of the most actively traded Crosses include the Euro Japanese Yen (EURJPY), New Zealand Dollar Japanese Yen (NZDJPY), British Pound Japanese Yen (GBPJPY), Euro British Pound (EURGBP), Euro Swiss Franc (EURCHF) and the Australian Dollar Japanese Yen (AUDJPY) pair. Just like all currency pair groups, Crosses share similar characteristics that define them and differentiate them from other groups. These characteristics make them riskier to trade than the Majors: they are less liquid, more volatile, more susceptible to manipulation and have a higher sensitivity to sudden shifts in political and financial developments.
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