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 Takes a Breather, Gains Against Majors

Euro is a little higher against its major counterparts today, taking a breather after a major slide this week. Indeed, things seem to be calming down this week following dramatic performances from both the euro and the US dollar.

Euro Dives to New Multi-Year Lows

The euro plunged to new multi-year lows against its major rivals as negative factors persisted, driving the shared 19-nation currency down. This is not necessary bad for the eurozone as the weaker currency helps European exporters.

Euro Continues to Lose Ground to Major Currencies

Euro continues to struggle as concerns about Greece overshadow the entire eurozone. Euro has hit 10-year lows against the US dollar and seven-year lows against the UK pound.

Euro Bounces vs. Dollar, Analysts Still Skeptical

The euro bounced against the US dollar after reaching a new multi-year low earlier during the Monday’s trading session. The currency also gained on the Japanese yen but was unable to beat the Great Britain pound. Most market analysts believe that the current rally will be short-lived.

Euro Drops as Draghi Announces Start of QE Program

The euro dropped today after the monetary policy meeting of the European Central Bank. While ECB President Mario Draghi did not make any changes to the policy, he announced the start of the planned quantitative easing program.

Eurozone Economy Improves, But Euro Still Struggles

Euro continues to struggle today, even after evidence that the eurozone economy is improving. In fact, eurozone economic progress is beating expectations. However, Greece and Ukraine continue to raise questions, and the ECB is still preparing to go forward with its money printing program. These items weigh on the 19-nation currency.

Euro Loses Ground to Majors

The embattled euro is losing ground again today, thanks to the latest news from other countries that indicate how far the 19-nation currency still has left to go. The continuing Greek saga isn’t helping matters, either.

Euro Heads Higher For Now

Euro is heading higher for now, gaining ground against its major counterparts. After a great deal of political theater, a bailout deal has been reached with Greece, and there is news that euro-denominated emerging market issuance is heading it its highest level in a decade. All of this is points to a calm for the euro, but it may not last long.

Euro Drops as German Business Confidence Misses Estimates

The euro declined today against other most-traded currencies after the German business climate missed projections, reigniting concerns about the financial stability of the eurozone.

Euro Bounces After Reports About Greek Bailout Agreement

The euro was rather weak during the most part of the current trading session due to uncertainty about Greece and its future in the eurozone. Yet the currency bounced after reports that the Greek government and the European Union official were able to reach some form of compromise.

Archives

SUBSCRIBE

Follow Top Forex News on Twitter T