EUR/USD

EUR/USD is the FX ticker for the exchange rate between the US dollar and the euro. It tells traders how many US dollars are needed to buy a single euro.

The Euro-Dollar is a major forex pair as it represents the two largest and most influential world economies. Together, the currencies account for over 80% of the world’s foreign currency reserves according to the International Monetary Fund.

EUR/USD is greatly influenced by policy decisions from the European Central Bank and the Federal Reserve, and changes in the pair’s value often send ripples across the global economy.