EUR/USD registered small gains on Monday as the US Dollar (USD) struggled to find demand during the American trading hours.
Euro stays under modest bearish pressure in the European morning on Tuesday. Technical sellers could show interest if 1.0880 support fails. EUR/USD could struggle to rebound in case risk mood sours. EUR/USD registered small gains on Monday as the US Dollar struggled to find demand during the American trading hours. The pair, however, failed to gather recovery momentum and started to stretch lower in the European session on Tuesday.
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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