Euro is heading higher today, thanks in large part to the latest economic data out of the eurozone. Thanks to help from Germany, the latest GDP reading has moved higher, and that is providing help to the 19-nation currency.
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
February 13th, 2015 at 11:38
February 11th, 2015 at 11:40
European Union leaders and policymakers are meeting today and tomorrow to try and figure out what should be done about Greece. Speculation about what could be next means a wary euro that is mostly lower against its major counterparts.
February 09th, 2015 at 11:37
Euro is struggling to move higher against other majors today following drops precipitated by more drama out of Greece. There is a great deal of uncertainty surrounding the euro right now, and that is weighing on the 19-nation currency. Even though the euro has eked out some gains, trading has been volatile and the gains may not last.
February 05th, 2015 at 11:39
Things have been a bit volatile for the euro today. An ECB decision to stop accepting Greek bonds as collateral is rocking the region. However, even so, the euro has recovered and moved higher, even though at one point in the session it looked as though the 19-nation currency would slip below the 1.13 mark against the dollar.
February 03rd, 2015 at 18:39
The euro was trading broadly higher against other most-trading currencies today as concerns about the situation in Greece eased after the Greek government talked about a way it is going to handle its international debt.
February 02nd, 2015 at 11:33
Euro is holding its own against major counterparts right now, following the latest PMI data. The 19-country currency region showed some improvement in factory activity, and the euro is managing to gain ground today, even as worries about Greece continue to draw headlines.
January 29th, 2015 at 11:41
Euro is getting some help in forex trading today, heading higher against its major counterparts in something of a correction. However, it’s uncertain how long the current good news will last.
January 24th, 2015 at 10:05
The euro plunged against the majority of most-traded currencies this week after the European Central Bank expanded its monetary stimulus. There was another currency that suffered from its central bank’s policy decision — the Canadian dollar, which was even weaker than the euro.
January 22nd, 2015 at 14:14
The euro dipped today after the European Central Bank announced an expansion of its asset purchase program. The size of the expansion was a bit bigger than market participants have anticipated.
January 20th, 2015 at 11:34
Euro continues to lose ground against the dollar and the pound as expectations of a bond purchase program become stronger. Many expect more quantitative easing from the European Central Bank, and that is weighing on the 19-nation currency.