EUR/USD fluctuates in a narrow channel above 1.0750 to start the new week.
EUR/USD fluctuates above 1.0750 in the European morning on Monday. The USD could hold its ground in case Fed policymakers push back against September policy pivot. The near-term technical outlook points to a lack of bullish momentum. Comments from central bank officials could impact the pair's action in the near term. The Producer Price Index and the Consumer Price Index data from the US on Tuesday and Wednesday, respectively, could trigger the next big action in EUR/USD.
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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