• EUR/AUD 1.37217 03:45 24.02
  • AUD/JPY 86.963 03:45 24.02
  • GBP/JPY 141.517 03:45 24.02
  • EUR/USD 1.05798 03:45 24.02
  • EUR/JPY 119.325 03:45 24.02
  • AUD/USD 0.77102 03:45 24.02
  • USD/JPY 112.788 03:45 24.02
  • OIL-MAR17(WTI CRUDE) 53.980 03:45 24.02
  • GOLD VS OIL 22.1346 03:30 24.02
  • SSE180 VS CSI300 2.1859 03:30 24.02
  • TENCENT HOLDINGS 211.900 03:30 24.02
  • SHANGHAI COMPOSITE 3241.947 03:30 24.02
  • CSI 300 3463.797 03:30 24.02
  • HANG SENG F-JAN17 24040.000 03:30 24.02
  • ASX F-MAR17 5713.500 03:30 24.02
  • ASX 5742.500 03:30 24.02
  • SSE180 7571.410 03:30 24.02
  • HANG SENG 24012.350 03:30 24.02
  • AUD/CAD 1.01035 03:30 24.02
  • NZD/JPY 81.437 03:30 24.02
  • EUR/AUD 1.37232 03:30 24.02
  • CAD/JPY 86.069 03:30 24.02
  • AUD/JPY 86.965 03:30 24.02
  • GBP/JPY 141.560 03:30 24.02
  • USD/SGD 1.40747 03:30 24.02
  • NZD/USD 0.72203 03:30 24.02
  • EUR/USD 1.05810 03:30 24.02
  • EUR/JPY 119.341 03:30 24.02
  • AUD/USD 0.77105 03:30 24.02
  • USD/JPY 112.790 03:30 24.02

EUR/USD

EUR/USD: The Euro and The U.S Dollar

The EUR/USD currency cross (with the Euro as the base currency and the U.S. Dollar as the quote currency) is also considered a major cross pairing two ‘reserve’ currencies, the Euro considered the second largest of the reserve currencies. The EUR/USD pair is not only traded more than any other cross, it is also the ‘youngest’ of the major currency pairs.

The Euro is under the control and administration of the ECB (European Central Bank) which sits in Brussels and as such, sets the monetary policy of the Euro. It is also the exclusive currency of the Eurozone’s 18 member states, which have a population exceeding 341 Million. EU Member States:

Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

History of the Euro & the European Union

A political and economic merger of European Sovereign Nations, The European (EU) was officially formed when the Maastricht Treaty was signed on February 7, 1992. The Monetary Union is comprised of 18 member nations and was established in 1999. The Euro became an ‘accounting currency’ on New Year’s Day, 1999 and the banknotes and coins were put into circulation on New Year’s Day, 2002. Since the end of 2002, the Euro has traded in value above the U.S. Dollar.

The Eurozone Economy

Considered a single market economy, the European Union has the highest GDP in the world, with over $18 Trillion, surpassing the US, China and Japan as the largest economy. 161 of the Fortune Global 500 are headquartered in the EU. Estimated at 30% of the Global wealth, the EU holds the largest net wealth.

Factors Affecting the EUR/USD currency pair

The highest level of trading of the EUR/USD occurs during the British Open and the New York Open. Similar to the GBP, in that it is a highly liquid currency cross pairing two of the largest economies, and reserve currencies, a variety of domestic and international economic factors come into play when considering the foreign exchange and trading this currency.

Due to the fact that the Euro has over 18 Countries which use the currency as their official currency, the economic factors of each country play a major role in price fluctuations. The EU Member countries with GDP’s (gross domestic product) have a greater impact on the value of the Euro. Other factors contributing to or impacting the value of the Euro are employment (or unemployment), trade balance, and inflation. Rising and falling commodity prices also have a direct correlation.

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