Euro is at a four-month high today, following yesterday’s quantitative easing announcement from the Federal Reserve. The news has devalued the dollar considerably, and given the euro a boost.
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 14th, 2012 at 13:26
September 13th, 2012 at 12:59
Euro is hitting a bit of a wall as uncertainty makes an appearance today. Many Forex traders are in wait and see mode until the Federal Reserve comes out with its interest rate and economic policy announcement. While interest rates aren’t likely to change, many are interested to find out whether the United States will see another round of stimulus.
September 12th, 2012 at 14:23
Germany’s highest court ruled today that it will not block the eurozone’s bailout fund. With this tacit approval of the 700 billion European Stability Mechanism, the ECB is ready to move forward with crisis-fighting action as it deems necessary.
September 11th, 2012 at 13:05
Euro is heading higher today, gaining dramatically as Forex traders expect Germany’s high court to back the European Stability Mechanism, which is also referred to as the eurozone’s bailout fund.
September 10th, 2012 at 9:00
The euro weakened today as the troika refused to provide a next round of bailout for Greece as the indebted country was continuously failing to stick to the targets that were set as conditions for the rescue package.
September 08th, 2012 at 15:56
The euro jumped this week, posting the fourth consecutive weekly gain. The major driving factors for the rally were the policy meeting of the European Central Bank and US nonfarm payrolls that came out worse than expected.
September 07th, 2012 at 13:23
Euro is receiving quite a boost today as markets show their approval of the most recent plan to help save the euro. However, even with this plan in place, there are still plenty of hurdles for the eurozone.
September 06th, 2012 at 15:21
The euro was stronger today European Central Bank President Mario Draghi left the key minimum bid rate unchanged and detailed the program of unlimited sterilized purchases of sovereign bonds. Such decision was expected by Forex market participants, but was well-received nevertheless.
September 06th, 2012 at 1:17
The euro jumped yesterday and retained its gains today as hopes for asset purchase plan of the European Central Bank continued to support the shared 17-nation currency and made market participants more willing to invest in European assets.
September 04th, 2012 at 23:52
Hopes for the coming European Central Bank policy meeting were driving the euro higher today. Yet the rally stalled and then failed completely. As a result, the shared 17-nation currency ended the trading session in the negative territory.