After starting the week decisively higher, EUR/USD lost its bullish momentum in the American session on Monday but closed the day in positive territory.
EUR/USD trades below 1.0500 after closing in positive territory on Monday. The cautious market mood could limit the pair's recovery attempts. The Fed will release the minutes of the November policy meeting. The pair stays relatively quiet early Tuesday and trades below 1.0500. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the strongest against the Canadian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.56% -0.
Looking north, first resistance could be spotted at 1.0500 ahead of 1.0530 and 1.0570 . Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
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