One of the most traded currency pair in the world, representing the world's two largest trading blocks, offers consistently tight spreads and high liquidity.

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Interesting facts

EUR/USD is one of the most traded currency pair in the world. It represents the value of USD per one euro. The euro is a relativity new currency when compared with the other majors, it was established by the provisions in the 1992 Maastricht Treaty and is managed by the European Central Bank (ECB) and the Eurosystem (comprised of the central banks of the eurozone). Member nations of the euro are all part of the EU but not all EU nations are part of the euro (e.g. the UK and Denmark).

Spreads from* 24 hours a day Leverage**
2.0 pts Mon - Fri 50:1

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Price drivers

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.

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**Leverage may vary per account.