Everything You Need to Know About the EURUSD
The EURUSD currency pair is the most heavily-traded asset in the world, and is considered one of the four major currency pairs in the global economy. Both the Euro and the US Dollar are among the world’s strongest currencies, backed by leading European and US governments, banks and financial institutions. The EUR is the official currency of 19 European Union member states. The Euro US Dollar generally moves according to news or political events affecting the US or Europe. Economic events, such as the US Nonfarm Payroll report or the European Central Bank’s Economic Bulletin, can cause the currency pair to move rapidly. International corporations often use these news and currency movements when conducting business. EURUSD trading averages 28% of the overall daily trading volume in the currencies exchange market.