Definition Euro U.S. Dollar (EUR USD)
The euro U.S. dollar (EUR USD) is a currency pairing whereby the euro and the U.S. dollar can be traded against each other. The EUR USD can be thought of as the euro versus the U.S. dollar. The EUR USD currency pair is highly liquid and at the top of the most traded currency pairs. The EUR USD may also be written as EUR/USD.
The EUR USD currency pair is one of the more interesting trades in forex. Any currency pair featuring the euro is interesting because it pits one nation’s economic outlook against the eurozone nations. In the case of the EUR USD, it becomes even more compelling because between the two currencies, a large portion of the global economy is covered. For that reason, the European Central Bank (ECB) and the Federal Reserve are carefully watched and their actions are seen as setting the trend on the global stage.
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