The euro to dollar (EURUSD) price is down by 0.20% as the market reacts to the rising number of Covid-19 cases in Europe and the fading hopes of a stimulus deal in the US. It is trading at 1.1835, which is lower than last week’s high of 1.1865. The biggest...
In this section, you will find important EURUSD news, actionable trading ideas, and a live EURUSD chart to help you understand the markets better.
What’s EURUSD ?
EURUSD is a Forex pair that shows how many US dollars it costs to buy one Euro. The Euro is the so-called base currency, while the US is the quote currency in this pair. The EURUSD is the most popular trading pair in the FX markets, and about 25% of all trades are made in this pair. The pair is therefore considered to be one of the “Majors Pairs.”
The price of the EURUSD depends on the supply and demand of the Euro and the US Dollar. The factors that affect supply and demand are the relative interest rates, the GDP growth, inflation, unemployment rates, balance of payments, and other macroeconomic figures.
The US Federal Reserve Bank (FED) and the European Central Bank (ECB) are the two institutions that EURUSD traders follow to get an idea about the future moves of the pair. Traders also watch Germany and France, the two biggest economies in Europe that affect the price of the euro.
Live EURUSD Chart
The EUR to USD (EURUSD) pair is down by 0.15% today as traders wait for the flash manufacturing and services PMI numbers from Europe and the United States. The market is also reacting to the final presidential debate between Donald Trump and Joe Biden and the surging number of Covid-19 […]
The EUR/USD price erased some of its yesterday’s gains as the market continued to focus on the United States. The pair is trading at 1.1845, which is substantially lower than yesterday’s high of 1.1882. In a report, analysts at Singapore-based UOB Bank said that they expect the pair to consolidate […]
The EUR to USD (EURUSD) price is up by 0.25% today as the market continues to focus on US stimulus talks. It is trading at 1.1847, which is the highest it has been since September 21st. The euro has risen since September 28, when the pair bottomed at 1.1615. The […]
The EURUSD is off to a strong start this week. It jumped on Monday right from the opening and never looked back all the way to 1.1790. The bid behind the EURUSD pair and the Euro pairs, in general, comes after the European Commission (E.C.) said that the SURE bonds […]
EURUSD was slightly higher on Monday as the Euro seeks to shake off a recent slump. The pair was up 0.05% but the market awaits speeches by the heads of the U.S. and European Central banks. The U.S. dollar was unable to get a boost on Friday despite strong retail […]
The euro to USD (EURUSD) price is little changed in the Asian session as investors wait for US retail sales and Eurozone’s consumer inflation data. The EURUSD has been relatively weak this week. It has fallen by almost 1% as investors react to the rising Covid-19 cases in Europe. In […]
The EUR to USD (EURUSD) pair is little changed today as investors continue focusing on the ongoing earning season and the rising number of Covid-19 cases around the world. The pair is trading at 1.1753, which is slightly higher than the intraday low of 1.1740. The bank earning season has […]
The EURUSD price declined sharply in overnight trading as the market reacted to the latest Covid-19 vaccine news. The pair fell to a low of 1.1730, which was the lowest it has been since October 7. The number of Covid-19 cases has been rising in most countries in recent days. […]
The EURUSD was 0.50% lower in the U.S. trading session after U.S. inflation figures came in as expected at 1.4%. This is in contrast to the earlier release of German inflation at -0.2% and highlights the gap between the world’s two largest economies. The Euro was under earlier pressure after […]