The Euro (EUR) adds to the weakness seen at the beginning of the week against the US Dollar (USD), resulting in a decline of EUR/USD to the 1.0550 reg
The Euro appears mildly offered vs. the US Dollar. Stocks in Europe open Tuesday’s session with marked gains. EUR/USD hovers around the 1.0550 region on Tuesday. The USD Index clings to daily gains above 106.00. The ECB’s Christine Lagarde speaks later in the session. ion so far on Tuesday. In contrast, the Greenback is regaining lost ground and manages to bounce off earlier lows near 105.
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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