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Outside of Europe, a number of overseas territories of EU members also use the euro as their currency. Additionally, million people worldwide as of use currencies pegged to the euro.

The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar.

The name euro was officially adopted on 16 December in Madrid. Physical euro coins and banknotes entered into circulation on 1 January , making it the day-to-day operating currency of its original members, and by May had completely replaced the former currencies.

Since late , the euro has been immersed in the European sovereign-debt crisis which has led to the creation of the European Financial Stability Facility as well as other reforms aimed at stabilising the currency.

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Follow this post. Unfollow this post. See Saved Items. This comment has already been saved in your Saved Items. Block User. Do you feel that USD will go lower in the next period?

Is there any chance for the rate to go lower than 4. Reply 2 0. Stop spamming this pair with your bullcrap just because you took a position against the dollar.

People actually come here to find out what to do with their currency. Since I even bothered to write something, here is some sensible advice: if you don't have 2 years of experience in currencies and charting don't start trading.

If you are thinking of selling USD, wait. Since we are as of writing, testing multi-annual trend support, it is not a time to shift currencies.

Basically if it drops below 4 in the next 30 days it's going to go lower. If it holds or rebounds then we might be looking at a bigger rebound. Reply 0 0.

That was written 5 months ago, and that only proves that trump will win as the economy is sharply improving. Reply 1 0. Investors should question buying U.

And the bridge is the fiscal stimulus. We find it easier to imagine levels above 1. Return on equities in the rest of the world may outpace those seen in the US.

It could be time to underweight the US in the allocation strategy. This is maximum the dollar can arrive to. Reply 1 1.

Reply 1 5. Keep long to 4. If resistance is broken keep long to 4. Reply 2 4. Reply 3 9. Reply 4 7. Reply 2 8. What to expect for short term?

Weaker USD?? The dollar will follow it's natural course of going down. This upward correction would have finished later had it not been for the gov.

Reply 3 3. I have no idea what you are doing. Who else is here nowadays? Reply 0 1. Important News:Wednesday and Thursday at She may offer clues about possible timing for the next hike.

High impact session on Wednesday and Thursday. Let's see what it will bring Reply 2 1. Author's response. Show more comments.

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