abstract:A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. The currency that is used as the reference is called the counter currency or quote currency and the currency that is quoted in relation is called the base currency or transaction currency.
Nomura Securities reiterated its recommendation on its euro-EM currencypair favorite on Tuesday, saying it is time to short the euro and buy the Brazilian real (BRL).
One of the key characteristics of FX is the inherrent volatility, as any news item, political or economic can have an impact on at least 2 currencies, i.e. the currencypair, but also on the cross relationships.