EUR/USD

The Euro (EUR) against the United States dollar (USD)

 EUR/USD, or else the Fiber, is by far the most traded Forex pair worldwide.

 

Forex Pair: The Euro (EUR) against the United States Dollar (USD)

Forex Slang: FIBER

Central Banks: ECB visit) against the FED visit)

Currency Reserves: $762 billion (ECB) against $121 billion (US)

Population: 510 million (EU) against 319 million (US)

GDP: $16,500 billion (EU) against $18,600 billion (US)

DEBT/GDP: 92.11% (EU) against 107.5% (US)

Current Account: +$351 billion (EU) against -$484 billion (US)

The European Union (EU) and the United States of America are the two largest economic areas in the world. The USD is the most traded currency in the Forex market, and the Euro is the second. Therefore, EUR/USD is by far the most traded Forex pair worldwide. Commercial banks, insurance firms, investment companies, and individual traders are all major buyers and sellers of EUR/USD. Due to the depth of the market and liquidity, EUR/USD is traded in very tight spreads (tighter spreads than any other asset in our financial universe).

The dynamics of EUR/USD are highly influenced by:

(i) the level of interest rates between EU and US, and

(ii) the political conditions in the Eurozone

 

 

 

These are some key facts about EUR/USD:

-The Euro is involved in about 39% of all currency transactions

-The US Dollar is involved in about 85% of all currency transactions

-EUR/USD is highly correlated to GBPUSD (positive correlation between +0.8 and +0.9)

-Both currencies (EUR, USD) are commonly used as reserve currencies by global central banks

-The best time to buy EUR/USD occurs in December, and the best time to sell EUR/USD occurs in January

 

Compare the EUR/USD Trading Conditions

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EURUSD: 0.2 pip plus trade commissions $3.5  full-traded /lot

 

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PAIRSGBP/USD | USD/JPY | USD/CHF | EUR/GBP

 

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