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Glossary

Not sure what a trading term means? Search below to find the answer.

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Unconvertible Currency

Any currency that cannot be freely exchanged for other(s) because of foreign exchange regulations.

Underlying Asset

The asset or currency on which the covered warrant, futures contract or option is based and derives its value.

Undervalued

When a currency is trading below purchasing power parity or other valuation metric.

Unemployment Rate

Economic indicator defined as the percentage of those in the labor force who are unemployed.

US Dollar Index (USDX)

Measure of the value of the US dollar, weighted according to the currencies of its trading partners.

US Prime Rate

The interest rate at which US banks will lend to the most creditworthy borrowers.

US Treasury

Department within the US government that is responsible for printing money and issuing government obligations.

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