The EURUSD (Euro Dollar) is one of the most popular currency pairs representing two of the world's largest economies. The Euro is the official currency of the Eurozone and is a dominant medium of exchange for international trade. Being the most traded pair in the world, the EURUSD accounts for the most of the forex market transactions. The interest rate differential set by the U.S Federal Reserve and European Central Bank affects the value of the EUR/USD currency pair. Other factors that impact the value of the currency pair include employment figures, GDP Figures, Consumer Price Index, Producer Price Index, Retail Sales Figure and Balance of trade.