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It shows how much the USD (base currency) is worth as measured against the CNY (counter currency). For example, USD/CNY = 3.1081 indicates that one US Dollar can buy 3.1081 Chinese Yuans.
It shows how much the USD (base currency) is worth as measured against the MXN (counter currency). For example, USD/MXN = 18.7752 indicates that one US Dollar can buy 18.7752 Mexican Pesos.
During my analysis of major currency pairs during the trading session on Wednesday, it's obvious that the US dollar has lost quite a bit ...