Forex Glossary - U -

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Undervaluation: Is where exchange rate is below its purchasing power parity.

USDX: Currency index that consists of the weighted average of the prices of ten foreign currencies against the US dollar: Deutsche Mark, Japanese Yen, French Franc, British Pound, Canadian Dollar, Italian Lira, Dutch Guilder, Belgian Franc, Swedish Krona, and Swiss Franc.

US Prime Rate: Rate at which US banks lends to its prime corporate customer.