When the price of the Euro Dollar rises (for example from 1.15 to 1.17) the euro increases its value against the dollar. When the exchange rate goes down, the opposite is true. While the EUR/USD exchange rate is constantly changing, what does that mean in terms of the value of each of the currencies? Simply, when the exchange rate goes up, that means the value of the Euro has increased, while the value of the Dollar has decreased in comparison. The Euro Dollar can be used in real economy trading, but also as a financial instrument in the form of CFDs to speculate on the exchange rate between the Euro and the US Dollar. In other words, 1 Euro is equivalent to 1.2 Dollars. A EUR / USD price of 1.2 means that to buy one Euro (EUR) you must pay 1.2 US Dollars (USD). The Euro Dollar is the most-traded currency pair in the Forex market, and its value refers to the exchange rate of the euro against the US dollar. Both the EUR and the USD also form currency pairs with other currencies such as, the Euro versus the Great British Pound ( EUR/GBP) or the US Dollar versus the Canadian Dollar ( USD/CAD). 
The Euro (EUR) and the US Dollar (USD) form a currency pair which is known as the Euro/Dollar, EURUSD or EUR/USD. In the Forex market, the price of one currency moves up, down, or sideways versus another currency, which is referred to as a currency pair. The European Central Bank (ECB) is the main central bank for the Euro and the Euro zone, and has a similar impact on the Euro currency.īoth currencies are part of the Foreign Exchange (Forex) market. The FOMC (Federal Open Market Committee) is a branch of the Federal Reserve (FED) that determines the direction of monetary policy for the US, which in turn impacts the value and perceived value of the US Dollar. The US Dollar (USD) and Euro (EUR) are official currencies of their respective economic zones in the US, and the nations within the European Union.
Best Platform for Trading the Euro Dollarīefore we share how to invest in the Euro Dollar, let's define what the Euro Dollar is and what EUR / USD means. Best Time for Trading the Euro Dollar Pair. 
Correlation of the EUR/USD With Other Assets. Euro Trading | Different Trading Styles. Euro Trading | Analyzing the Euro Dollar Pair. 
History of the Euro to Dollar Currency Pair.
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