EUR/USD is the world's most traded currency pair, accounting for approximately 28% of global daily forex volume. It measures how many US dollars are required to purchase one Euro.
Key drivers: ECB and Federal Reserve monetary policy decisions, Eurozone PMI and inflation data, US Non-Farm Payrolls, CPI, and broad USD sentiment. Most active during the London–New York overlap (13:00–17:00 UTC), which is the India afternoon session.