EUR/USD is an exchange rate that specifies how many USD (United States Dollar) can be converted into one EUR (Euro), therefore the base currency is EUR and the price currency is USD. If this rate declines, it means that USD appreciates relative to EUR and if this rate increases it means that the USD depreciates against the EUR. There are many macroeconomic factors/events (fundamentals) that affect EUR/USD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. From the period since 2015 the exchange rate reached the lowest value of 1.04 in Dec of 2016 and the highest of 1.17 in Aug of 2017. Regarding the trade relationship between Eurozone and United States, the latter imports 10% of Eurozone's total exports, whereas Eurozone imports 19.2% of United States's total exports. The largest component of Eurozone's exports are machinery, nuclear reactor, boiler products and vehicles whereas United States's largest export components are machinery, nuclear reactor, boiler products and electrical/electronic equipment. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.
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