The euro surged 2 percent against the US dollar and climbed against the Great Britain pound as well during Monday’s trading as Chinese shares plunged, dragging down stocks of other countries along with them. The currency was far less successful versus the Japanese yen, dropping more than 1 percent.
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
August 24th, 2015 at 22:50
August 20th, 2015 at 22:34
The euro jumped today against its most-traded counterparts, climbing more than 1 percent against the US dollar. Both domestic and overseas news contributed to the rally of the shared 19-nation currency.
August 19th, 2015 at 13:57
With Germany backing the latest bailout for Greece, the euro is heading higher today. There’s a lot to consider when it comes to the eurozone and the euro, and the latest bailout means that, for now, there will be no exit from the 19-nation currency union for Greece.
August 18th, 2015 at 13:53
Now that the worst fears of the eurozone have been put to rest, there is some speculation that the 19-nation currency could return strength in the not-to-distant future, thanks in part to recovery in Spain and stability for Greece.
August 17th, 2015 at 14:45
The economic outlook for the eurozone is dragging on the euro today, bringing it lower as concerns about what’s next for the 19-nation currency region continue.
August 04th, 2015 at 13:14
Right now, the euro is higher against the US dollar in Forex trading. However, the gains are relatively modest, and there is the possibility that the euro will sell off later this week if US data comes in strong. Expectations of a rate hike in the United States persist, and the euro is still struggling with the Greek crisis.
July 30th, 2015 at 16:56
The euro was in rout today after a report that the International Monetary Fund will not participate in the third round of the bailout for Greece. Prospects for monetary tightening in the United States put additional pressure on the euro, as well as on other currencies.
July 28th, 2015 at 14:53
Once again, Greece is weighing on the euro. German advisers are talking about creating an insolvency process that would allow for a country’s exit from the 19-nation currency region if that country is threatening the eurozone. The news is contributing to the euro’s struggles today.
July 27th, 2015 at 10:28
The euro rallied today after the release of the German business climate index that was better than analysts’ expectations, suggesting that things have improved in the eurozone after the seemingly successful resolution of the Greek crisis.
July 23rd, 2015 at 13:35
The passage of another round of economic reforms by the Greek parliament is helping the euro today. While some are still concerned about the euro in the long-term, for now the 19-nation currency appears to be shoring up.