EUR/USD closed marginally lower on Monday but the pair remained confined within a tight channel.
EUR/USD trades in a narrow channel near 1.0400 early Tuesday. Trading action is likely to remain subdued on Christmas Eve. Technical picture highlights the pair's indecisiveness in the near term. The pair fluctuates near 1.0400 in the European morning on Tuesday as trading conditions thin out on Christmas Eve. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days. Euro was the weakest against 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 . What is the ECB and how does it impact the Euro? The European Central Bank in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy.
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