EUR/USD - Euro / US Dollar - Forex Currency Pair

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EUR/USD Analysis


The EUR/USD Currency Pair (Euro / Dollar) is the exchange rate of the euro expressed in dollars. It expresses the value of one Euro in U.S. Dollar.

The EUR/USD pair is the most traded pair and represents 28% of the total number of transactions on the FOREX in 2010. It’s a reference on the Forex. Volatility has been about 160 pips between 2008 and 2010. This is a pair that fits to all investor profiles. Indeed, because of its relatively high volatility, it is possible to practice scalping but it is a also a pair in trend and we can play big upward and downward movements.

In addition, the EUR/USD is at the heart of the global economy because it put into competition two two lungs of the economy such as Europe and the United States. From a fundamental standpoint, this makes it possible to have a global vision of the economy.

Movements on the euro / dollar are driven by various economic announcements that occur throughout the day. The economic news on the EUR (Euro) are published most often in the morning and 11:00 (GMT+1) and at 14:30, it's time for business news on the USD (U.S. Dollar).

Since its creation, the EUR/USD has ranged from $ 0.82, lowest in October 2000 and reached $ 1.60 in July 2008.

The pair EUR/USD is quoted in 4 decimal places but you can sometimes find 5 with some brokers. The exchange rate is floating and therefore subject to the law of supply and demand on the interbank forex market.

Both central banks linked to the pair Euro / US Dollar are the European Central Bank (ECB) for the EUR and the Federal Reserve (FED)for the USD. Both banks rarely intervene directly to change the exchange rate. However, all decisions taken by these two central banks have a strong impact on the evolution of the EUR/USD (changing interest rates, asset buyback program ....)

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The Euro is the currencies of the countries member of the European Union which have adopted the Euro. The Euro was introduced on January 1st 2002 in 11 countries and gradually other countries have also adopted the Euro as shown in the map below:


The euro is the second most traded currency on the Forex. It is present in 39.10% of transactions in 2010. Its overall share in the number of transactions increases gradually each year but still far from the dollar and its hegemony. In 2004, the euro was present in 37.40% of transactions on Forex. The Euro is a currency of reference both in the foreign exchange market and in international trade. The euro is also the first currency in terms of banknotes in circulation.

The Euro is however considered as a currency risked. Investors buy the euro if they think the global economy is healthy. However, in times of crisis, the dollar appreciates against the euro. Indeed, the dollar is considered a safe haven.

The Euro (EUR) is controlled by the European Central Bank (ECB) which is responsible for making monetary policy decisions.


The U.S. Dollar (USD) is the currency of the United States. The U.S. dollar is the most traded currency on the Forex and is present in 85% of total transactions in 2010. In 2001, 90% of transactions were linked to the Dollar. The U.S. dollar is a currency of reference both in the foreign exchange market and in international trade.

The dollar is still considered a safe haven even if the contestations are becoming more numerous. Indeed, the debt of the United States but is becoming alarming, but does not challenge the supremacy of the dollar.

 The dollar is also the most used currency in reserve in the world especially in China which has 2.5 trillion dollars in foreign currency reserves.

In terms of banknotes in circulation, the dollar is the second currency in the world. You can see below a $1 banknote :

The U.S. dollar is controlled by the Federal Reserve (FED) that is responsible for making monetary policy decisions.

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