Euro is lower today, struggling as continued concerns about the eurozone and the fate of the 17-nation currency weigh. The latest difficulty comes from the announcement that Cyprus is planning to sell off some of its gold reserves in order to raise funds.
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
April 10th, 2013 at 16:18
April 09th, 2013 at 15:02
Euro is struggling today. Even though the 17-nation currency is gaining ground against the US dollar, it has been down against other majors (but it seems to be making progress now). The latest German export data, and concerns about continued eurozone recession, are weighing on the euro.
April 08th, 2013 at 14:24
Euro is higher right now, gaining across the board, even with the latest portugal concerns. Traders are looking for yield, and that is helping the euro right now. But there are whispers that the breakup trade could be back on the table.
April 04th, 2013 at 14:48
After dropping below the 1.2800 level against the US dollar earlier today, the euro is gaining on the day. Risk appetite and a commitment to the euro are helping the 17-nation currency regain some of its earlier losses against the greenback.
April 03rd, 2013 at 15:33
Euro is struggling against some of its major counterparts ahead of the next ECB meeting. While the euro is higher against the US dollar right now, the 17-nation currency is heading lower against the pound and the yen. With the latest economic data pointing to weakness, it’s not much of a surprise that the euro is struggling.
April 02nd, 2013 at 13:54
Euro is a little lower today against the US dollar, thanks in part to record unemployment. However, the 17-nation currency isn’t down by as much as it could be, and it’s still holding its own against the UK pound.
March 30th, 2013 at 23:12
The euro was trying resisting the forces that were pulling it down, but was largely unsuccessful, falling against other major currencies. This was not a straight move down though and the week ended on a bright note.
March 29th, 2013 at 0:20
The euro bounced after fears of financial crisis in Cyprus abated to some degree. The currency advanced versus the US dollar and erased losses against the Japanese yen, but remained soft against the Great Britain pound.
March 27th, 2013 at 14:47
Euro is dropping rapidly against most of its major counterparts. With the uncertainty over Cyprus, and with Italy once again with its back to the wall, trouble is looming for the 17-nation currency.
March 26th, 2013 at 21:14
The euro was falling today, but currently has recovered losses and it looks like the currency may yet even rally. Forex traders are digesting news regarding Cyprus and are trying to guess where the euro will go next.