EUR/USD continues to move up and down in a narrow band above 1.1150 after posting small losses on Monday.
EUR/USD extends its sideways grind below 1.1200 early Tuesday. US stock index futures trade modestly higher in the European session. CB Consumer Confidence Index data from the US will be looked upon for fresh impetus. In the absence of high-tier data releases, the improving risk mood could make it difficult for the US Dollar to extend its rebound and help the pair hold its ground.
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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