Convert EUR to USD - Euro to US Dollar Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/USD EXCHANGE RATE
With the dollar being the most traded currency in the world and the Euro ranking second, the EUR/USD currency pair is the most popularly traded forex pair worldwide. Euro/US dollar trades account for more than half of the overall trading volume in the global forex market. While it is not a very volatile forex pair, consisting of relatively stable currencies, there are several factors that influence the exchange rate and drive movements in EUR/USD. The leading factors that affect the pair's exchange rate include key economic data, central bank decisions and political developments. Key economic data releases, especially reports about GDP, employment, inflation, manufacturing and services sectors' activities, retail sales, consumer confidence, and trade related information that release on a monthly, quarterly and/or annual basis can have significant impact on the exchange rate of the Euro and the US dollar. In addition, decisions taken by the ECB and the Federal Reserve on the monetary policy and interest rates can also drive movements in EUR/USD. Political developments, such as elections and Brexit, are other concerns that forex traders looking to trade EUR/USD need to keep an eye out for. Although, since both Europe and the US are among the more politically stable economies in the world, such developments have lesser impact on the currency pair's exchange rate.
EUR to USD CONVERSION RATES
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EUR to USD CHARTS
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EUR to USD EXCHANGE RATE - FAQ
How do central bank decisions affect EUR/USD?

Whenever the ECB or the Fed takes a dovish stance and cuts cash rates or announces stimulus measures to boost economic growth, it weakens the outlook for the Euro or the US dollar respectively. On the other hand, a more hawkish approach to monetary policy, e.g. hiking interest rates, signals greater confidence by the central bank on the region's economy, thereby boosting the value of the respective currency.

What is the impact of bond yields on EUR/USD's exchange rate?

Bond yields that drive the most impact on the EUR or the USD are the German 10-year bond and the US 10-year Treasury bond. Higher bond yields drive up the value of the corresponding currency. Hence, whenever German bond yields rise or US bond yields fall, EUR/USD's exchange rate will rise higher.

How safe is it for new forex traders to trade EUR/USD?

Unlike several currency pairs, EUR/USD does not trade very volatile too often, as the exchange rate sees sharp moves very infrequently. Only major market moving news drives high volatility in this pair, making it a safe and stable forex pair for newbie traders to begin trading. Both currencies are seen as safe and the risk of trading Euro/US dollar is not too high, as a result.