Mixed US data failed to clarify possibility of near term Fed action – Service sector...
"EUR/USD" Exchange Rate News
EURO TO US DOLLAR (EUR/USD) EXCHANGE RATE NEWS
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The Euro to US Dollar exchange rate is the world’s most traded currency pair and we update our EUR/USD currency news articles on a daily basis to cover the latest exchange rate movements and forecasts.
The high volume of EUR/USD trades means that any shifts in the Euro to US Dollar exchange rate can have an impact on how the Euro performs against its other currency counterparts.
So, for example, if EUR/USD gains the Euro may also advance on currencies like Pound Sterling and the Australian Dollar.
The Euro to US Dollar exchange rate has experienced considerable volatility since the onset of the global economic crisis, moving from highs of 1.5975 to lows of 1.0495. On a €100,000 transfer that’s the difference of almost $55,000.
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