The Spanish election results are rolling in, and the news is of upsets. Concerns about a Greece-style situation in Spain are dragging on the euro as a result.
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
May 25th, 2015 at 13:56
May 21st, 2015 at 23:10
The euro demonstrated no particular bias against the US dollar and the Japanese yen as traders focused on the European Union summit in Latvia. The shared 19-nation currency demonstrated sizable losses against the Great Britain pound.
May 19th, 2015 at 22:08
The euro dropped today against its major rivals due to a report that the European Central Bank will expand its bond purchases. Poor economic data from Germany also drove the shared 19-nation currency down.
May 18th, 2015 at 10:42
Euro is slipping today, losing ground after a rally earlier in the session. This happened toward the end of last week as well. After a strong run, the 19-nation currency is starting to show signs of weakness.
May 15th, 2015 at 11:03
Euro has moved lower today, but the 19-nation currency is still poised for weekly gains. The rise in German Bund yields has stalled, and Forex traders are taking this opportunity to take profits and consolidate.
May 14th, 2015 at 11:11
Bond yields in the eurozone continue to surge, and that is helping the euro right now. The 19-nation currency is heading higher against the US dollar and some of its other counterparts as yields and economic news provide support.
May 13th, 2015 at 11:02
Euro is heading higher against many of its major counterparts today, thanks in part to a new GDP reading. Better economic data is helping the euro, even though there are still trials to overcome.
May 12th, 2015 at 10:42
Euro is surging in Forex trading today as low-risk bonds sell off today. The sell-off in low-risk bonds is weighing on European stocks and helping the 19-nation currency gain ground against its major counterparts.
May 11th, 2015 at 10:35
Euro is heading lower against its major counterparts today as continued talks about the situation with Greece add uncertainty and cause jitters. More Forex traders and others seem to be steeling themselves for a Greek exit from the eurozone.
May 07th, 2015 at 10:37
Euro has been enjoying a run of relative strength in recent days, and today is no different. Evidence that maybe the ECB didn’t need to be quite so aggressive with quantitative easing, as well as better feelings about the Greece situation, have been supporting the 19-nation currency.