This is the most popular currency pair in the world, representing the world's two largest economies. The Euro was created to facilitate cross-border trade of European trading partners. Since its inception in 1999, the pair has faced considerable volatility as the world has faced multiple events of volatility such as the tech boom becoming the tech bust, the real estate bubble, and the European Debt Crisis which still has yet to find long-term resolution.
The ICE Dollar Index (DXY) posted another impressive week’s advance through this past Friday. That marks three consecutive weeks that the benchmark currency has climbed to eight-month highs.