Dr. Ed’s
Economic
Indicators

EURO (EUROPEAN UNION € PER U.S. $1)

Release Date: Daily
Release Coverage: Month-End
Released By: Federal Reserve
Official Release (weekly): http://www.federalreserve.gov/releases/h10/Update/

Dr. Ed's Economic Chart displays the exchange rate for the amount of euros € per one U.S. dollar. The euro is considered one of the top currencies traded, and the U.S. dollar/euro is considered one of the most commonly traded pairs. It is also widely used as a reserve currency after the U.S. dollar, the yen and the pound sterling. Value of the currency is determined by the exchange markets.

WHAT DR. ED SAYS:

The value of the euro most closely affects those banks that frequently deal in exchanges with members of the European Union. The changing relationship between the euro and dollar may also affect the bottom line of certain business customers who are involved in importing and exporting or trading in foreign exchange markets.

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