After rising to the 1.0450 area earlier in the session, EUR/USD lost its bullish momentum and erased its daily gains.
EUR/USD moves up and down above 1.0440 on Wednesday. Dovish comments from ECB officials limit the Euro's gains. The pair could attract technical sellers if it manages to stabilize above 1.0440. Nevertheless, the pair holds comfortably above 1.0400, while the technical shows the bullish bias remains unchanged in the near term. 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 US Dollar.
Euro FAQs What is the Euro? The Euro is the currency for the 19 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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