EUR/USD registered marginal gains after returning from the Christmas break on Thursday but failed to gather bullish momentum.
EUR/USD trades in a tight channel at around 1.0400 on Friday. The cautious market mood is likely to cap the pair's upside. The near-term technical outlook points to a lack of directional momentum. Early Friday, the pair trades in a narrow channel at around 1.0400. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the weakest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.25% 0.38% 0.90% 0.30% 0.49% 0.
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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