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Euro to Dollar (also reffered to as EUR to USD or EUR/USD) is the exchange rate of the euro expressed in dollars and belongs to major currency pairs. Euro to Dollar is the most popular currency pair in the world. This is a pair that fits to all investor profiles. Indeed, because of its relatively high volatility, it is possible to practice scalping but it is a also a pair in trend and we can play big upward and downward movements.
In addition, the EUR/USD is at the heart of the global economy because it put into competition two lungs of the economy such as Europe and the United States. From a fundamental standpoint, this makes it possible to have a global vision of the economy.
According to interbank market's statistics, USD is involved in more than 85% forex trades while EUR in 39% of forex transactions. Euro to Dollar makes up to 30% turnover of the whole forex interbank market. Thanks to this, Euro to Dollar pair is the most liquid forex pair usually with the lowest spread. This creates great trading environment for various trading strategies.
The most volatile periods of Euro to Dollar are London and New York sessions (especially when these sessions overlap). Movements on the euro to dollar are driven by various economic announcements that occur throughout the day. The economic news on the EUR (Euro) are published most often in the morning and 11:00 (GMT+1) and at 14:30 (GMT+1), it's time for business news on the USD (U.S. Dollar).
High Risk Warning : Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.