European Central Bank President Mario Draghi has called for new economic rules in the eurozone. These rules are designed to promote greater integration in the 18-nation currency region, with the point hopefully to stave off the economic disparities that led to the sovereign debt crisis among the periphery. The plan isn’t helping the euro’s performance much today, though.
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 10th, 2014 at 13:38
July 09th, 2014 at 14:14
A little bit of risk appetite is helping the euro turn things around today after earlier difficulties. However, many analysts still foresee problems for the euro, as Germany leads the eurozone into a further period of little to no growth.
July 08th, 2014 at 13:03
Euro has dropped below the 1.3600 level against the US dollar, and is down against other major currencies as well. There is a bit of risk aversion on the Forex market today, as well as speculation that the ECB will have to take further action on stimulus if the euro’s strength remains where it is.
July 07th, 2014 at 13:40
The latest data out of Germany is leading to subdued trading by the euro. Concerns about the eurozone economy are still a big part of the picture for the 18-nation currency, and Germany’s lackluster data isn’t helping much.
July 04th, 2014 at 14:20
Euro is lower pretty much across the board today, heading down as Forex traders consider policy divergence and whether or not the periphery countries will be able to sustainably move out debt.
July 03rd, 2014 at 12:56
Euro is struggling today, following the latest decision from the European Central Bank. As expected, interest rates remain where they were set last month. However, some were surprised that ECB policymakers have yet to move on other stimulus measures.
June 30th, 2014 at 19:58
The euro jumped today even though an inflation report from the eurozone was not as good as economists have hoped for. Over a longer term, the currency moves sideways versus the euro and demonstrates bullish bias versus the US dollar.
June 27th, 2014 at 13:11
Even though confidence measures show a decline, the euro continues to see modest gains against some of its major counterparts. The world situation continues to support the safety of the yen, but the euro is higher against the dollar and the pound today.
June 26th, 2014 at 13:03
Euro is heading lower today, after a few days of small gains. Economic comparisons are being made again, and the euro appears to have the short end of the stick.
June 25th, 2014 at 13:23
Questions about how long the euro can remain on top in Forex trading are being raised today as the 18-nation currency continues to hold its own against some of its major counterparts. While the euro is down against the yen, it is higher against the dollar and the pound.