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EUR/USD Current Price: 1.2123 * Treasury Secretary nominee Janet Yellen to boost stimulus, reform taxes. * German's Economic Sentiment improved in January, according to the ZEW survey. * EUR/USD ...
Alternatively the slash may be omitted, or replaced by either a dot or a dash. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency).
In mid July 2022, the euro and the US dollar traded at par for a short period of time during an episode of dollar appreciation. [18] On 11 July 2024, it recorded a new high against the Japanese yen during a long period of depreciation of the latter. [126] [127] [128]
Instead the euro's stability and future existence was put into doubt, which reduced its share of global reserves to 19% as of year-end 2015 (vs 66% for USD). As of year-end 2020 these figures stand at 21% for EUR and 59% for USD. The percental composition of currencies of official foreign exchange reserves from 1995 to 2022. [14] [15] [16]
The Euro has fallen rather hard during the trading session on Thursday to test the 1.17 level, an area that is important based upon recent price action.
US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]
The spot date is day T+1 if the currency pair [1] is USD/CAD, USD/TRY, USD/PHP or USD/RUB. In this case, T+1 must be a business day and not a US holiday. If an unacceptable day is encountered, move forward one day and test again until an acceptable date is found. The spot date is day T+2 otherwise. The calculation of T+2 must be done by ...
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).