Euro is gaining ground today, due in large part to the dovish sentiment coming out of the US Federal Reserve. Concerns that the Fed would announce interest rate increases sooner rather than later, along with worries about the eurozone economy, had been weighing on the 18-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
June 19th, 2014 at 14:15
June 17th, 2014 at 13:09
The latest wage data for the eurozone has been released, and it looks as though wage growth slowed in the first quarter of 2014. This news is disappointing to many, since it indicates that the wage situation in the eurozone isn’t likely to improve anytime soon. It also shows that things aren’t picking up in terms of an economic recovery.
June 16th, 2014 at 13:42
Euro is mixed in Forex trading today, and bulls and bears are facing off, looking at the 1.35 level against the US dollar as an important dividing line. It’s turning into an interesting over/under debate, as well as a debate between those who see the recent ECB decision as an injection of life into the eurozone, and those who think weakness will continue.
June 11th, 2014 at 13:35
Euro continues to struggle today, mostly due to the fact that the ECB is embracing negative interest rates. With flows heading out of the eurozone, it’s no surprise that the 18-nation currency is down pretty much across the board.
June 09th, 2014 at 14:43
Euro is down nearly across the board today, dropping as policy measures indicate weakness ahead, and as business confidence in the 18-nation currency region falters. With policy divergence from the United States and other major economies, and concerns about the future, it is little surprise that the euro is struggling today.
June 07th, 2014 at 18:28
This week had quite a few important events that have affected the Forex market. The most important of them were the meetings of various central bank and US non-farm payrolls. There were reasons to believe that the euro would fall over the week, but surprisingly enough the currency remained rather resilient.
June 06th, 2014 at 20:55
The euro dropped today against the US dollar after the release of non-farm payrolls but remained firm against other majors, including the Great Britain pound and the Japanese yen. It is surprising to see such resilience considering yesterday’s policy announcement from the European Central Bank.
June 05th, 2014 at 14:08
The euro sank today after the European Central Bank fulfilled its promise and slashed interest rates, taking some of them into the negative territory. The shared 18-nation currency is attempting to regain its footing now, slowly crawling back to the opening level.
June 03rd, 2014 at 13:41
Poor economic data continues to be the norm in the eurozone, but that hasn’t stopped the euro today. Even with concerns about deflation and a stagnant job market, the euro is moving higher today.
May 31st, 2014 at 12:28
The euro had rather decent week, falling initially but rescued by the weekend by poor data from the United States. The monthly performance, on the other hand, was nothing but disastrous for the currency.