Back then, currency prices were transmitted between the New York and London exchanges via miles-long steel communications cables that were laid beneath the Atlantic Ocean by submarines. Since , the currency pair has continued to be known as Cable.

Traders sought to give the currency pair a fitting nickname in the tradition of the ever popular Cable. Every great technology is eventually innovated upon and the steel communication cables of yore no longer cut the mustard. In their place, super-fast fiber optic lines were introduced.

Incidentally, the Channel Tunnel was launched around the same time as the Euro. Like the term Aussie, Kiwi is also a colloquial name for both the country of New Zealand and New Zealanders as a people. The name is a badge of pride for New Zealanders, and derives from a curious little flightless bird that is unique to the island. Jumping all the way over to the American continent, we come to the Loonie.

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This nickname refers to the US dollar vs the Canadian dollar currency pair. And no, the name is not a jibe at those crazy Canadians. The Ninja will be familiar to those who trade during the Asian session. Referring to the US dollar and Japanese Yen currency pair, the nickname Ninja stems from the fact that ninja warriors are a strong part of Japanese tradition.

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Currency Nicknames 1. Currency Nicknames Experienced Forex traders use Currency nicknames such as Cable, Fiber and the Loonie all the time Here is an explanation of the top 10 most common and popular Currency nicknames The basis of this name is the cable which lies beneath the Atlantic and electronically connects the two great nations 3.

Produced by So, the next time a fellow trader mentions Cable, Fiber or the Loonie Now you will know what they are talking about!