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The United States of America and the European Union, as an entity encompassing the economies of all of its member countries, represent the worlds two biggest economies. Bearing that in mind and even leaving speculative trading aside, it is quite logical that the euro and the US dollar are the two most traded currencies, given their status of major reserve currencies and their countries influence on the international trade scene.

As a result, the EUR/USD cross is the most widely traded and liquid pair in the Forex market and accounts for 24.1% of the total turnover as of April 2013, according to the Bank for International Settlements.

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