Follow the chart for EUR vs. USD (EURUSD) right now. Want to start to trade EURUSD with your local currency? Visit our Broker Reviews to find a list of the best sites for South Africa.
Euro vs US Dollar Trading for South African
This major pair reflects the economic strength of both the Eurozone and the United States.
The EUR/USD pair is the most traded currency pair in the world. It represents the value of the Euro against the US Dollar. Due to the economic strength of both the Eurozone and the United States, this pair offers high liquidity and tight spreads.
This pair is highly sensitive to economic data releases, central bank decisions from the ECB and the Fed, and geopolitical developments, making it ideal for both day traders and long-term position traders. Many traders appreciate its predictable patterns during major London and New York session overlaps.
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