|Spreads from*||24 hours a day||Leverage**|
|2.0 pts||Mon - Fri||18.18:1|
A general rule is that the larger the GDP of a country in the eurozone the larger their impact on the euro, in this regard economic data and policy decisions in Germany (which has the highest GDP in the eurozone) can have a significant impact on EUR. However, smaller countries also have the ability to affect the euro, especially in times of crisis that threaten the economic stability of the region (otherwise known as the domino effect). Other data including GDP growth, employment, inflation and trade balance data are important. The ECB dictate interest rates for the region and also have to ability to significantly move the euro through other policy decisions.
USD can be influenced by labour market data (in particular NFP results and the level of unemployment), GDP and inflation data, interest rates and the Fed. Lately, quantitative easing, or the possibility of it, by the Fed and the notion that the US dollar may be a safe haven has factored into investors decisions when trading USD.*To view current live spread please visit https://www.forex.com/en-ca/why-us/why-choose-us/value-and-reliability/pricing