but even if the dollar became the currency of the world and has a very vital role, but the currency still lost in comparing pondsterling ... and to offset all of the European Union makes its own currency called the euro
The Dollar weakened against most of the currencies as the Housing Starts came out 0.55M worse than expected 0.57M but the Building Permits came out 0.59M better than expected 0.57M. The Stock Markets turned from the sharp declines to positive trend with NASDAQ and Dow Jones appreciating 1.1% and 0.74% respectively.
Due to globalisation and the existence of a rival in the form of the euro, there was never a chance of usurping the dollar because their economies were small compared with that of the US. Today, the eurozone trading bloc is as big as America and set to grow larger as new member states join the EU.
I hold onto my euro account because it is also a stable currency. If you can afford it, might as well have one, right? Also, when you travel to Europe, it is nice when you already have a some Euro on hand and when you come back from your trip, you can just deposit whatever Euro you have left to your account. It will probably really depend on whether you travel to Europe regularly, then it will be wise to have such an account.
EURUSD, EURJPY, GBPUSD seems to be in upwards trend however USDJPY, US stocks, US 10-y yield seems to be moving downside despite of the press conference delivered by the Trump, seems he did not satisfied the investors looking for hopes from the newly elected US President.
The EURO vs DOLLAR is is the most popular currency pair in the world because both of them represents the world's two largest economies and it is also the most traded currency pair in the world with highest trading volume.