The main focus of the past trading week was the situation in Greece, particularly the upcoming referendum on austerity demanded by international creditors. Surprisingly, this did not mean another week of losses for the euro as the currency managed to rally in the adverse trading environment.
The euro is the currency used by institutions of the European Union and 17 of 27 nations of the Union, which is collectively called the eurozone. The currency is also often used in some other countries, including those that are situated near the borders of the eurozone. The currency was officially adopted in 1995, introduced in financial markets in 1999, while coins and banknotes were released in 2001. It is the second popular reserve currency after the US dollar.
Euro News Archive
July 04th, 2015 at 13:20
July 02nd, 2015 at 22:22
The euro rose a little today against its major counterparts following two sessions of losses. Traders wait for the Greek referendum during the weekend that may decide the fate of the country and its place in the eurozone.
June 29th, 2015 at 23:11
The euro demonstrated a surprise performance during Monday’s trading. The currency sank initially due to the worries about the Greek debt drama, yet the losses were short-lived and for some reason the euro bounced strongly after the initial drop.
June 27th, 2015 at 14:12
The past trading week was dominated by the debt problems of Greece and attempts to find a solution that would be acceptable both for the indebted country and for its creditors. Yet no agreement has been reached, and with the June 30 deadline looming close, traders preferred to get rid of the euro, leading to a weekly drop of the currency.
June 26th, 2015 at 21:50
The euro ended Friday lower as the short-term proposal to Greece from its international creditors was rejected, leaving just a few days to find a solution to the Greek debt woes before the troubled country runs out of money.
June 25th, 2015 at 23:44
With no bailout for Greece yet, the euro moved a bit lower against the Great Britain pound and the Japanese yen, though it was little changed against the US dollar. Hope remains, but deadline is almost at the door.
June 24th, 2015 at 22:55
The euro rallied on Wednesday but was under heavy pressure from concerns about Greece and its debt issues. The country desperately needs to secure a bailout before money runs out, but so far no progress has been made in negotiations.
June 18th, 2015 at 12:28
Euro is mostly higher today against its major counterparts, even after increased speculation that Greece will need to exit the eurozone. Euro is getting help from weakness in other currencies, particularly the dollar.
June 16th, 2015 at 11:54
Financial markets are finally showing concern over the negotiations between Greece and its creditors and the euro is struggling today. Concerns that an agreement really won’t be reached, and that Greece will default, are on the rise.
June 15th, 2015 at 9:24
Euro is mostly higher today, but it is also struggling a little bit. The difficulties with Greece are once again influencing the 19-nation currency, and gains have been hard-won and uncertain today.