Brokers compete on razor thin margins across EUR/USD, the world's deepest foreign exchange market. Compare EUR/USD spreads across popular Forex brokers:
EUR/USD is the largest and most liquid currency pair with 28% of global foreign exchange volumes according to the 2010 BIS survey. In comparison, USD/JPY, is a distant second with 14% of global volumes.
Deep liquidity and competition between Forex brokers have brought spreads down. EUR/USD spreads typically range between 2 and 3 pips versus 3 to 5 pips across most other major currency pairs. Compare EUR/USD spreads and leverage across popular Forex trading accounts with our interactive chart.
In normal market conditions, EUR/USD tends to trade by the pip. This is unlike other currency pairs where prices can trade by several pips at a time. This means that if EUR/USD is trading at 1.2513/15, you’re likely to find traders keen to buy at 10, 11 and 12 and traders keen to sell at 16, 17 and 18. Tight spreads make it possible to profit from very small changes in prices.
The sheer number of market participants makes it impossible for any one investor to move the EUR/USD in a meaningful way. For this reason, EUR/USD tends to be less volatile than other currency pairs. And when price changes happen, they tend to be driven by news events and data releases.
The Euro to Dollar exchange rate (EUR/USD) is likely to endure a rollercoaster-like ride lower before moving steeply higher, according to analysts at Morgan Stanley. Initially the Euro will weaken versus the Dollar in what amounts to a short-term dip. More »
The EUR/USD pair rolled over slightly during the day on Thursday, as we continue to see the 1.12 level offer resistance. However, I think that the 1.11 level will also offer a significant amount of support, so pay attention to that area down there ... More »
The EUR/USD is trading slightly lower shortly ahead of the U.S. opening. The dollar has been pressured this week by falling U.S. Treasury yields. Today is also the first day of a two-day European Council meeting. At the meeting, European Union leaders ...and more » More »
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