EUR/USD Forecast: Euro stays resilient following inflation data

EUR/USD recovered above 1.0700 following the EU data. The near-term technical outlook suggests that sellers remain hesitant. Employment Cost Index data from the US will be watched closely later in the day. After falling below1.0700, however, the pair staged a rebound, supported by the latest data releases from the Euro area. Euro price today The table below shows the percentage change of Euro against listed major currencies today. Euro was the strongest against the Australian Dollar.

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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