Since the euro entered into free circulation at the stock exchange, the euro against the dollar contract has become a number-one instrument for most traders. As the euro was initially regarded as a competitive payment means and a real counterbalance to the dollar, euro investments turned out to be impressive. Many states considered it necessary to diversify their currency reserves by making huge investments in the euro.
The result was that Euro formed quite stable trends against American dollar during the first years. These days, the Euro evolution is becoming multidirectional, tending generally to consolidation, but it’s still popular with traders and accounts for a big percentage in total exchange volume worldwide.
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