In a currency pair, the base currency is the first one named and the unit being bought or sold. In EURUSD, the euro is the base and the quote tells you how much of the second currency one euro is worth. If you buy EURUSD you hold euros and are short dollars; if you sell it you are short euros and long dollars.
Forex glossary
Base Currency
Related term
Quote Currency
The quote currency is the second currency in a pair and the one the price is expressed in. In EURUSD at 1.0850, the US dollar is the quote currency and one euro…
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