EUR/USD

EUR/USD is the world’s most-traded currency pair and represents the exchange rate from US dollars to euros. The bid price of EUR/USD shows how many euros it takes to buy a single US dollar.

The Euro-Dollar is a major forex pair as it represents the two largest and most influential world economies. Together, the currencies account for over 80% of the world’s foreign currency reserves according to the International Monetary Fund.

EUR/USD is greatly influenced by policy decisions from the European Central Bank and the Federal Reserve, and changes in the pair’s value often send ripples across the global economy.