After struggling to gain traction in the first half of the day on Monday, EUR/USD turned north in the American session and closed in positive territory.
EUR/USD holds steady above 1.0700 after posting gains on Monday. The pair could stretch higher in case risk flows dominate the action in financial markets. US economic docket will feature Retail Sales data for May. The pair stays relatively quiet early Tuesday and fluctuates in a tight channel above 1.0700. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the strongest against the New Zealand Dollar.
Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY , EUR/GBP and EUR/AUD .
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