CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

EUR/USD

Euro (EUR) to United States dollar (USD) exchange rate.

Product Type: Currencies Market: Global
Trading Hours: 24 hours, Mon-Fri.
Full trading conditions >>

Description:

EUR/USD is the most commonly traded currency pair in the foreign exchange market, with an average daily trading volume of close to $600 billion - equivalent to 37% of total market activity. Its vast popularity and consistently high liquidity are attributed to the fact that both it's base and quote currencies – the euro and the United States (US) dollar – are by far the most actively-traded currencies in the world. Aside from being the single currency of 19 European Union (EU) members, the euro has, in a short relativity period, become the closest contender to the US dollar’s long-lasting reign as the world’s primary exchange currency. As for the US dollar, the economic strength of the United States and the international sovereignty of its trading bloc are indisputable. Close to 90% of all foreign-exchange transactions and over two-thirds of foreign exchange reserves are denominated in US dollars. All in all, the supremacy of the EUR/USD currency pair is solid and likely to persist well into the future.
Feed name
DAILY LOW
DAILY HIGH
Trade with
EURUSD Market Sentiment
EURUSD Chart

Interesting Facts:

  • The US dollar is the most traded currency in the world, with the euro following close behind.
  • Both American and European economies receive extensive media coverage, making it easy to understand and track the major events and economic indicators influencing the euro/US dollar relationship.
  • International banks, securities firms and leading insurance companies are all major buyers and sellers of the EUR/USD currency pair. As such, it is highly liquid and trades heavily, around the globe, around the clock.
  • EUR/USD also provides a relatively high level of volatility, meaning more significant profit potential over a short time.
  • Many multi-million dollars, world-reaching companies conduct business in both the USA and EU and therefore have a constant need to hedge their funds to protect themselves from expected or unexpected changes in the markets. This further contributes to the EUR/USD’s long-standing popularity.
Free Sign Up Now
Create demo account, practice risk-free with virtual money.