EUR/USD came under modest bearish pressure and closed in negative territory on Tuesday.
EUR/USD trades slightly below 1.0750 after closing in the red on Tuesday. The cautious market stance could continue to cap the pair's upside. Markets will continue to scrutinize Fedspeak in the absence of high-impact data releases. The pair struggles to regain its traction early Wednesday and trades a few pips below 1.0750.
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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