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The EUR is the second most traded currency in the forex market, and the EUR/USD pair is a cornerstone of the forex market, representing a critical benchmark for global trade and investment strategies. Due to the significant impact of the EUR, other EUR pairs also attract attention from traders.
Renowned for its liquidity and widespread use in global forex markets, the Australian Dollar (AUD) holds a prominent position among traders worldwide. Notably, the AUD/USD pair stands out as one of the most actively traded currency pairs, commanding a substantial 6% share of the total trading volume in the forex market.