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

Euro Drops as ECB Buys Covered Bonds

Yesterday, the ECB announced that it is buying covered bonds as part of a plan to try to keep the eurozone economy from sliding back into recession. This announcement is weakening the euro, and the 18-nation currency is down against its major counterparts.

Euro Trades Mixed on the FX Market

Euro is trading mixed today, gaining ground against low beta currencies, but losing ground against its high beta counterparts. There is a lot of concern about the euro right now, and the 18-nation currency is only getting a bit of a boost as risk appetite makes an appearance.

Euro Falls Back After Rally

Euro is falling back now, falling a rally that took place yesterday and in earlier trading. Euro surged higher, especially against the US dollar and the Japanese yen, earlier, but now things are changing. Concerns about risk are back on the table, and lower commodity prices are having their impact.

Euro Mostly Lower as Germany Cuts Growth Forecast

Euro is losing ground against some of its counterparts as the latest economic data is released throughout the 18-nation currency zone. Even though Germany’s CPI reading met expectations, the country had to slash its growth forecast.

Euro Receives Respite

Euro is heading higher against many of its major counterparts today, gaining ground as a respite from recent difficulties. Once again, the ECB is promising to do what it takes to keep the eurozone afloat, and that is providing at least some support for the 18-nation currency.

Draghi Comments Bring Euro Down

Once again, Mario Draghi is a bit of a downer. His remarks yesterday at the Brookings Institution are dragging on the euro, since they indicate that the ECB is ready to double-down on stimulus measures likely to weigh on the 18-nation currency.

Euro Struggles Against Fundamentals to Rally

While the euro was rising earlier today, the shared 18-nation currency has a hard time keeping its gains and was falling against the US dollar, though it trades near the opening level as of now. It is not surprising to see softness of the euro considering that fundamentals were playing against the currency of the eurozone.

Euro Runs to Upside, Ignoring Negative Fundamentals

The euro climbed today even though the European macroeconomic indicators were rather unfavorable. The broad-based weakness of the US dollar was the major reason for the rally of the shared 18-nation currency.

Euro Falls for 12th Week

It was another poor trading week for the euro, which fell for the 12th straight week and reached a new multi-year low against the US dollar. While the European Central Bank policy announcement provided moderate support for the shared 18-nation currency, employment data from the United States did not allow the euro to hold onto gains.

Euro Can’t Maintain Gains Against Greenback

While the euro is maintaining its recent gains against some of its counterparts, the 18-nation currency is losing ground to the US dollar. Thanks to continued policy divergence and weaker gold prices, there is little to support the euro against the greenback.

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