EUR/USD continued to push lower on Friday and lost more than 1.5% on a weekly basis.
EUR/USD moves sideways in the European session on Monday. The pair could struggle to stage a rebound unless risk mood improves. The near-term technical outlook points to oversold conditions for the pair. The pair holds steady and trades in a narrow channel below 1.1000 in the European session on Monday. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days. Euro was the weakest against the US Dollar.
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. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY , EUR/GBP and EUR/AUD .
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