The EUR/USD pair has become the most widely-traded pair in the world because it represents a combination of two of the biggest economies in the world. It is affected by government policies and the economics of demand and supply in currency markets for the pair. It was originally introduced as an accounting currency in 1999. Other data including GDP growth, employment, inflation and trade balance data are important. It also makes the euro one of the most heavily traded currencies in the forex market, second only to the.S.
EUR/USD - Live Rate, Forecast, News and Analysis
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According to the ECB, as of January 1, 2017, more than 1 trillion are in circulation in the world. Dollars to buy 1 euro. The currency code for Dollars is USD, and the currency symbol. For this reason, the interest rate differential between the European Central Bank (ECB) and the Federal Reserve (Fed) affects the value of these currencies when compared to each other. However, smaller countries also can affect the euro, especially in times of crisis that threaten the economic stability of the region and possibility cause s domino effect. Along the same lines, bad news from the EU economy has an adverse effect on prices for the EUR/USD pair. Dollar stronger, the value of the EUR/USD cross could decline due to a strengthening of the.S. Pivot Point, distance, bid, ask, hIGH, lOW. It is affected by factors that influence the value of the euro and/or the.S. Shakeups within the Eurozone, such as the United Kingdoms Brexit, can of course cause euro volatility forex trading floor as well. The currency pair indicates how many.S.