Euro continues to struggle today, although it is off recent lows. Concerns about the eurozone, as well as continued low oil prices are weighing on the 19-nation currency region.
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
January 06th, 2015 at 11:50
December 29th, 2014 at 13:41
Euro is a little bit rattled today, but not enough to be seeing losses to its major counterparts yet. Between lower stocks across the eurozone, and concerns about the outcome of Greek elections, many expected the 18-nation currency to be doing worse today.
December 24th, 2014 at 15:16
Euro continues to struggle, turning in a mixed performance today. The 18-nation currency is finding it difficult to maintain gains as concerns about the economy continue to rise. While the euro is turning in a slightly stronger performance against the US dollar today, it’s not likely to last.
December 22nd, 2014 at 11:34
Euro is gaining a little ground today, heading higher thanks to some improved data, and better risk appetite. However, the euro’s new found gains are likely to be short lived, since the 18-nation currency remains on shaky ground.
December 19th, 2014 at 21:42
The euro dipped on Friday, falling to a new multi-year low versus the US dollar, even though economic data from Germany was fairly positive. As the majority of most-traded currencies, the euro gained on the yen after the Bank of Japan maintained its exceptional monetary stimulus.
December 18th, 2014 at 11:33
There are expectations of more easing early in the coming year, and that is sending the euro lower today. Expectations that the ECB will have to take more steps to support the eurozone economy are being priced into the market right now.
December 17th, 2014 at 11:36
Earlier, the euro saw some gains against its major counterparts. Right now, though, the euro is resuming its downward trend, losing ground to most of its major counterparts. Concern about the euro, and policy divergence, are weighing on the 18-nation currency.
December 15th, 2014 at 11:26
Euro is mostly lower against its major counterparts today, thanks to expectations of future weakness, along with another drop in gold prices. One of the biggest reasons that euro weakness is becoming an issue again is the fact that there are rumblings in Greece. And, of course, it doesn’t help that risk appetite is once again becoming an issue.
December 09th, 2014 at 11:47
Euro is heading higher today, gaining ground against most of its major counterparts, as commodities gain and as Forex traders consolidate previous positions.
December 06th, 2014 at 14:00
The euro demonstrated big losses against the US dollar this week, falling to the lowest level in more than two years. The euro’s performance against other currencies was mixed: the shared 18-nation currency ended the week lower against the Great Britain pound, flat versus the Australian dollar while against the Japanese yen, the euro reached a new multi-year high.