Euro / Canadian dollar

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Updated: 18 Jan, 3:10 pm UTC
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The Euro is a common currency used by 19 countries of the European Union, and is used in the financial markets for investing, trading and hedging. It is the second-most actively traded currency in the world, providing investors with increased liquidity and more efficient investment opportunities. The Euro is also a key element of the European Central Bank’s (ECB) monetary policy, which is designed to regulate and support the markets. The Euro is used to hedge against currency fluctuations, allowing investors to diversify their portfolios and reduce risk. Overall, the Euro is an important currency used in the financial markets to facilitate investing and trading.