EUR/USD gains ground due to improved market sentiment amid easing geopolitical tensions. US Air Force General told that concerns about an imminent broader conflict in the Middle East have diminished. Traders await the German GfK Consumer Confidence Survey and Gross Domestic Product data, which are scheduled for release on Tuesday. The market optimism prevails after concluding a three-day trip to the Middle East, US Air Force General C.Q.
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 .