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Term of the day

Commoditization

Occurrence in which illiquid financial markets are changed or altered to promote trading, leading to a more liquid market. Converting a good into a commodity.

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The Fundamentals of Day Trading
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Cross currency rates
Cross currency rate stands for pairs of currencies that do not include the U.S. dollar. Cross currency rate can also be called cross currency or simply cross. Historically, an individual who wished to exchange a sum of money to a different currency would be required to first convert that money into the U.
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