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The euro is the currency and legal tender of 19 European Union countries collectively known as the Eurozone. Introduced in 1999, it is the second most-traded currency in the world after the US dollar, as well as the second most-widely held reserve currency in central banks, also after the US dollar. Additionally, EUR is used as…

With a projected GDP of 12.7 trillion for 2021, the Eurozone collectively would have the third-largest global economy, after the US and China, according to statistics from Trading Economics.  Today, the Eurozone’s strongest economies are Germany, France, and Italy. While the range of industries across the Eurozone is diverse, there is considerable crossover between countries….

You can trade EUR pairs with us via these easy steps:

EUR/USD EUR/USD is the forex ticker for the exchange rate between the euro and the US dollar. It tells traders how many dollars are needed to buy one euro in real time. The pair is the world’s most traded, accounting for around 24% of all currency trades, according to 2019 figures from the Bank for International…

The economic history of the Eurozone goes back to 1991 with the signing of the Maastricht Treaty, an agreement between 12 countries of the-then European Community (now EU) to initiate a monetary and economic union. The European Central Bank (ECB) was established in 1998 as the central bank of the 19 EU countries that have the euro…

There are a variety of factors that influence the price of EUR against other currencies. These include monetary policy decisions from the ECB, economic data, as well as balance of payments (export and import values). Traders should be aware of ECB meeting dates and the release dates of key reports to help them keep on top…