Theof EUR/USD shows how many US dollars (the ) it costs to purchase one euro (the ).
Trading a currency pair such as EUR/USD is called currency trading or. If you are new to trading, we recommend our forex beginner strategy as a starting point:
“The euro” is one of the seven major What is currency? Currencies are the generally accepted me... More pairs because the euro is the 2nd most important A reserve currency (also known as an "anchor currency") is... More globally (the US dollar is the first), as well as the 2nd most traded currency on the forex markets.pairs that contain the US dollar and is the most traded pair on the . It is considered to be the most important and also the most of all
As currency pairs are affected by external factors that influence an individual currency value, the EUR/USD will fluctuate according to the difference in interest rates set by theand the . For example, any intervention by the ECB in the markets aimed at strengthening the euro would be likely to see a rise in the value of the EUR/USD. Conversely, if the Fed takes action to strengthen the dollar by intervening in the markets, the value of the EUR/USD would be likely to fall.
EUR/USD is usually negatively correlated to the, often called . However it enjoys a positive to the GBP/USD, called the “Cable” – because the euro, and are all positively correlated with each other.
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