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Cross Rate - An exchange price between two currencies, generally constructed from the individual exchange prices of the two currencies, as most currencies are quoted against the dollar. Dove/Dovish - Dovish refers to an economic outlook which typically supports reduce interest prices. Doves take the position that decrease interest rates are preferable with distinct regard to inflation. European Union (EU) - The economic association of over a dozen European nations which seek to produce a unified, barrier-free of charge industry for products and services all through the continent, as effectively as a frequent currency with a unified authority more than that currency.