EUR/USD extended its slide and touched its weakest level since early May slightly below 1.0670 on Wednesday.
EUR/USD struggles to recover above 1.0700 following two-day decline. US economic docket will feature key data releases on Thursday. The US Dollar is likely to benefit from risk aversion. Although the pair edged higher early Thursday, it lost its recovery momentum after meeting resistance near 1.0700. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the weakest against the Australian Dollar.
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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