Euro / United States Dollar

Of the “Majors” – the most traded global currencies – trade between the EUR and the USD is the highest because these two currencies represent the two largest economies in the world. The US is a standalone economy, while the eurozone represents a harmonized economic bloc. Since the euro came into circulation in 1999, it has faced periods of significant volatility, encouraging FOREX traders to trade it against the US dollar. The depth and liquidity of the EUR/USD market allows for all types of traders to prosper, including central banks, investment banks, commercial banks, fund managers, corporates, retail traders and many more.