1 EUR to USD Euros to US Dollars Exchange Rate

For example, the interest rate differential between the European Central Bank (ECB) and the Federal Reserve (Fed) can have a major influence on the value what does a project manager do mi-gso of these currencies when compared to each other. When the Fed intervenes in open market activities to make the U.S. dollar stronger, the value of the EUR/USD cross could pull back or decline due to strengthening U.S. dollar compared to the euro. The euro – now used by 19 EU countries – is the second largest, with the Japanese yen (JPY) in third place and the pound (GBP) in fourth. Use this to see how IG client accounts with positions on this market are trading other markets. Data is calculated to the nearest 1%, and updated automatically every 15 minutes.

These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs. Elections and government policy decisions can swing trading for dummies 2nd edition have a large impact too.

Currency Pair: EUR/USD (Euro/U.S. Dollar) Definition and History

Your profit or loss will depend on how accurate your prediction is, meaning it is possible to profit whichever way the market moves. Along the same lines, bad news from the EU economy may have an adverse effect on prices for the EUR/USD pair. News of the government debt crisis and immigrant influx in Italy and Greece resulted in a euro selloff, prompting the pair’s exchange rate to plunge. You can trade Brexit volatility with EUR/USD via an IG CFD trading or spread betting account. CFDs and spread bets enable you to speculate on markets that are rising as well as falling.

The best EUR/USD trading strategies to use will depend on your personal trading style. There are many forex strategies to choose from, enabling you to determine when it’s time to enter and exit a trade. These include the RSI indicator strategy, momentum indicator strategy and breakout trading strategy. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Our currency rankings show that the most popular Euro exchange rate is the EUR to USD rate. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods.

What Is the Currency Pair: EUR/USD (Euro/U.S. Dollar)?

IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does how to become a python developer full guide so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

You need to ensure that you build up knowledge about the factors that impact the EUR/USD exchange rate, including potential catalysts and upcoming events and data releases. You can use the IG Academy to help improve your understanding of trading and consult our economic calendar for upcoming data releases. The EUR/USD exchange rate, like all foreign exchange trading, is impacted by macroeconomic, geopolitical and central bank factors. However, the most popular times to trade EUR/USD (or any currency pair) is when it is most active – when the highest volume and number of transactions are taking place. When there is more volume, there is increased liquidity and higher volatility. These create larger moves in the price of EUR/USD and more trading opportunities.

Economic data releases and central bank announcements in both the Eurozone and the United States impact the EUR/USD currency rate because they can generate increased volumes in trading. For the US, its main economic data releases are announced between 1pm and 4pm UK time, but there is an important exception. The Federal Reserve’s announcement on interest rates is released at 7pm UK time, and this event typically creates an increase in volatility and trading activity. Consequently, the euro integrates and represents a large number of European economies. This serves to stabilize currency exchange rates and volatility for all members of the European Union.

1. Create a chart for any currency pair in the world to see their currency history.
2. No representation or warranty is given as to the accuracy or completeness of this information.
3. Try a risk-free trade in your demo account, and see whether you’re onto something.
4. The Federal Reserve’s announcement on interest rates is released at 7pm UK time, and this event typically creates an increase in volatility and trading activity.

Risk management strategies

Our smart tech means we’re more efficient – which means you get a great rate. You can profit from trading EUR/USD if you trade the currency pair via spread bets or CFDs. If you think that EUR is going to increase against USD, you would buy the pair (go long). If you think that the euro will decrease in value against the US dollar, you would sell the pair (go short).

Both are derivative products, which means you only have to put up a small deposit – called margin – to gain exposure to the full value of the trade. While this may increase your profits, it could also magnify your losses. The years 2008 to 2014 were marked by economic crises – first in the US and then in the eurozone – which played havoc with EUR/USD’s price. They add hidden markups to their exchange rates – charging you more without your knowledge.

It was originally introduced as an accounting currency in 1999. This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument.

If your aggregate position is larger than Tier 1, your margin requirement will not be reduced by non-guaranteed stops. All investment services are provided by the respective Wise Assets entity in your location. Live tracking and notifications + flexible delivery and payment options.

When trading euro-dollar, you should watch out for economic reports, political events and monetary policies that move the price of EUR/USD. Recurring events such as European Central Bank (ECB) and Federal Reserve Bank announcements, as well as developments concerning Brexit and US-China trade discussions impact the price of euro-dollar. The Currency Pair EUR/USD is the shortened term for the euro against the U.S. dollar pair, or cross for the currencies of the European Union (EU) and the United States (USA).

One of the most closely watched currency pairs today is EUR/USD – also called the euro-dollar. This forex pair is particularly interesting in light of Brexit and the US-China tensions. Find out how you can take advantage of EUR/USD price movements with IG. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.

The currency pair indicates how many U.S. dollars (the quote currency) are needed to purchase one euro (the base currency). Trading the EUR/USD currency pair is also known as trading the “euro.” The value of the EUR/USD pair is quoted as 1 euro per x U.S. dollars. For example, if the pair is trading at 1.50, it means it takes 1.5 U.S. dollars to buy 1 euro. The popular time to trade EUR/USD is when European and US trading sessions overlap. It often trades with the highest liquidity and volatility between 1pm and 4pm GMT. EUR/USD is referred to as ‘euro-dollar’ because it’s the pairing of the euro – the currency of 19 European countries – and the US dollar.