After closing the previous week marginally lower, EUR/USD edges higher and trades above 1.0700 in the European session on Monday.
EUR/USD fluctuates above 1.0700 to start the new week. The technical outlook doesn't yet point to a buildup of recovery momentum. The data from Germany showed that business morale weakened in June. The technical outlook doesn't yet point to a buildup of recovery momentum but the improving risk mood could help the pair stretch higher in the second half of the day. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days.
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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