Euro is mostly lower again today, dropping against its United States and United Kingdom counterparts, thanks to recent comments from ECB members. With rate cuts being supported as a way to stimulate the economy, the expectation of more easing is weighing on the euro.
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
September 09th, 2014 at 10:29
September 07th, 2014 at 0:35
The most important event this week turned out to be the monetary policy of the European Central Bank. Analysts expected it to be uneventful, but they were completely wrong. The resulting shock sent the euro down. While the currency managed to retain some of its gains versus the Great Britain pound by the weekend, it fell against most other major counterparts. It was euro’s eight week of losses versus the US […]
September 05th, 2014 at 10:28
Euro is eking out some small gains today, following yesterday’s huge drop against all major counterparts. Forex traders aren’t expecting much, though. The big shocker from the ECB is likely to result in general euro weakness for a while.
September 04th, 2014 at 13:45
The European Central Bank provided a big surprise to the Forex market today, cutting interest rates to new lows, sending some of them deeper into a negative territory. What was not surprising was the reaction of the euro to the news — the currency sank, falling to the lowest rate in more than a year against the US dollar.
September 04th, 2014 at 10:31
Euro is lower today, dropping as Forex traders look ahead to policy expectations from Mario Draghi and the European Central Bank. Many expect the ECB to embark on looser monetary policy, and that is weighing on the euro.
September 02nd, 2014 at 10:34
Euro is mixed today, dropping against the US dollar, even as it gains against the UK pound and Japanese yen. One of the reasons that the euro is struggling against the dollar is the speculation that the ECB will have to implement quantitative easing.
August 30th, 2014 at 15:11
The euro experienced a very bad week, falling to the lowest level in almost a year against the US dollar, even though most other major currencies, including the Great Britain pound and the Japanese yen, were rallying versus the greenback.
August 29th, 2014 at 10:55
Even though the euro is a little higher against some of its major counterparts, the 18-nation currency is headed for a weekly decline. The latest economic data confirms that rises in consumer prices continue to slow.
August 27th, 2014 at 11:45
The euro touched a new low for the year versus the US dollar today as traders are anticipating additional monetary easing from the European Central Bank. Worsening German consumer sentiment was not helping matters. While the shared 18-nation currency bounced against the greenback and was flat versus the Japanese yen most market analysts expect the weakness to persist in the future.
August 26th, 2014 at 12:32
Even though the euro is higher against some of its major counterparts, the 18-nation currency is struggling today. Euro has slipped lower against the US dollar, and is barely holding its own against the UK pound. Expectations that the ECB could ease policy further next week are weighing.