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The euro (or EUR) is the second most traded currency in the world, after the U.S. dollar (or USD). USD's share of trading turnover is between two or three times greater than EUR's share, however, this is not surprising since USD is still considered the world's reserve currency.
While both USD and EUR have large and active FX markets, USD is generally a more common currency to transact through. For example, if a large Australian corporate wanted to convert AUD 100 million into NZD, it might sell AUD/USD and use the proceeds to buy NZD/USD,