Euro

There is still a significant accumulation of long positions in the US dollar, but market sentiment has changed.

Several analysts detected a dovish tone in the ECB's statement, causing the euro to slide against various other major currencies.

Eurozone PMI data deteriorated further in October 2023, even hinting at signs of a recession. As a result, the US dollar regained the upper hand.

The ECB's interest rate decision is higher than the consensus forecast, but it comes alongside a very dovish statement, which is hitting the euro

Barclays argues that the assurance of a high current interest rate alone is sufficient to support the value of the Pound Sterling exchange rate.

The economic growth of the Eurozone improves, but the inflation slowdown has limited interest rate expectations and the movement of the euro.

EUR/USD soared to the 1.0930 range, while EURJPY reached its highest level in 15 years due to ECB hikes in interest rates,

The European Central Bank (ECB) announced a mini interest rate hike without providing adequate guidance for future policies.

Market sentiment improved, causing traders to sell off safe-haven assets and return to buying rival currencies to the US dollar.

As the most widely traded currency pair in the world, it's no wonder that most beginners learn to trade with EUR/USD. However, have you known about these EUR/USD facts?