Spread

EUR/USD

Hourly spread (pips)

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• In the recent market conditions, the average spread for EUR/USD is highest around New York close. This is different to pre-COVID market conditions when the highest average spread is observed around Sydney open.
• Spread in EUR/USD increases sharply between 18:00 and 19:00 GMT (going into New York close) in the recent market conditions, relative to pre-COVID market conditions.
• We also notice an immediate and sharp drop in recent spread around Sydney open (between 21:00 and 22:00 GMT), relative to pre-COVID market conditions.