The euro dropped today against other most-traded currencies after the European Central Bank refrained from cutting interest rates and predicted that economic growth of the eurozone will remain weak.
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
November 08th, 2012 at 15:58
November 07th, 2012 at 14:37
Euro is pulling back in Forex trading today, no real surprise with all the uncertainty and worrying going on right now. One of the big issues in the eurozone — Greece — is back in focus, and it’s not helping that a fiscal cliff is looming in the United States as well.
November 06th, 2012 at 14:08
Euro is inching higher, gaining a little after some earlier losses. Risk appetite is making a slight appearance, and that is helping the euro as Forex traders focus on something other than Greece, and as European markets gain a little ground.
November 05th, 2012 at 13:58
Once again Greece is the focus of every Forex trader, and uncertainty is dragging the euro down as a result. Meanwhile, the uncertainty regarding the US election is also dragging on high beta currencies like the euro.
November 01st, 2012 at 13:29
Euro is heading higher today, gaining as improved economic data in the United States, as well as news out of China, helps high beta currencies. Euro is higher against currencies like the dollar and the yen, but struggling against the pound.
October 31st, 2012 at 13:25
Euro is getting a boost today on improved risk appetite. Even though the situation in the eurozone continues to be one of uncertainty and economic difficulty, the euro is gaining ground today.
October 30th, 2012 at 14:15
Euro is moving higher today, muscling through resistance even though the news out of the eurozone continues to disappoint. After bouncing off lows below 1.2900, euro touched a session high of 1.2966.
October 29th, 2012 at 13:24
Euro is mostly lower in Forex trading today, pulling back as uncertainty — particularly about what’s next for embattled eurozone countries — weighs on the 17-nation currency.
October 26th, 2012 at 14:08
Euro is lower today, dropping on concerns about Greece and Spain, as well as worries about a possible recession in the eurozone. Risk appetite has made an appearance, though, and euro appears to be trying to regain some of its lost ground.
October 25th, 2012 at 13:23
Euro is heading higher today, helped along by risk appetite, and even dragged a little bit by better performance from the pound. Euro is gaining ground as optimism returns to the markets. At least, there is optimism regarding the wider global economy, and that is taking some of the focus away from the problems in the eurozone.