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BlogWhat is Base Currency in forex trading?
The first currency listed in a currency pair. In the pair EUR/USD, the Euro (EUR) is the base currency. It represents how much of the quote currency (USD) is needed to buy one unit of the base currency.
Detailed Explanation
In the pair EUR/USD, the Euro (EUR) is the base currency. It represents how much of the quote currency (USD) is needed to buy one unit of the base currency.
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