The Euro (EUR) is displaying signs of increased weakness relative to the US Dollar (USD), leading to EUR/USD to drop to the 1.0530 zone following thre
The Euro looks markedly offered against the US Dollar. Stocks in Europe open the week with marked losses. EUR/USD retreats to the 1.0520 zone on USD-buying. The USD Index reverses recent weakness and tests 106.30. Industrial Production in Germany surprised to the downside. e consecutive sessions of gains. In contrast, the Greenback is reclaiming ground lost and revisiting the 106.
Euro FAQs What is the Euro? The Euro is the currency for the 20 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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