How to Trade EUR/USD: Market Drivers, Trading Hours, and Key Risks
In short: EUR/USD is the exchange rate between the euro and the US dollar, and it is the most traded currency pair in the world. Its price reacts mainly to interest-rate expectations at the European Central Bank and the US Federal Reserve, inflation and jobs data, and shifts in global risk appetite. Liquidity is deepest when London and New York overlap, yet leveraged EUR/USD positions can still lose money quickly.