EUR/USD benefited from the broad-based selling pressure surrounding the US Dollar (USD) on Friday and gained more than 1% for the week.
EUR/USD holds comfortably above 1.1000 in the European session on Monday. The pair could face next technical resistance at 1.1060. A negative shift in risk mood could limit EUR/USD's upside. EUR/USD benefited from the broad-based selling pressure surrounding the US Dollar on Friday and gained more than 1% for the week. The pair holds its ground early Monday and trades at a fresh 2024-high near 1.1050.
Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY , EUR/GBP and EUR/AUD .
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