Euro is getting a little help from across the Atlantic as optimism about the fiscal cliff in the United States helps risk appetite.
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
December 18th, 2012 at 15:45
December 14th, 2012 at 14:41
Euro is getting a little help today from better German growth data. Earlier, the euro was a little lower against the US dollar, but now those gains have been pared, and the 17-nation currency is moving a little bit higher.
December 13th, 2012 at 14:11
Euro is a little lower right now, but the 17-nation currency has been paring some of its earlier losses. Euro is struggling against the US dollar today, even though the news should ostensibly be helping the 17-nation currency.
December 12th, 2012 at 14:31
Euro is finding support today as a number of developments take the focus of eurozone recession and sovereign debt issues. Right now, the 17-nation currency is gaining ground against its major counterparts as risk appetite, expectations of stimulus, and talks of a banking union for the European Union help support it.
December 11th, 2012 at 14:31
Euro is heading higher today, thanks to the latest economic news out of Germany. The ZEW beat expectations, and that is supporting the euro as Forex traders look to the future.
December 10th, 2012 at 14:42
Euro slipped earlier today on the Forex market, thanks to the latest political turmoil in Italy. However, the 17-nation currency has recovered some of its equanimity since then, and is now higher.
December 07th, 2012 at 14:08
Euro is dropping today, falling to a nine-day low against the US dollar as Forex traders consider the disappointing economic outlook for the eurozone. A great deal of the concerns is coming from news out of Germany.
December 06th, 2012 at 14:01
Even though the European Central Bank kept rates on hold for now, there are still concerns about the future. With the eurozone economy moving sluggishly, and the sovereign debt saga far from over, there are worries that the ECB will have no choice but to cut rates in the future.
December 05th, 2012 at 13:58
Euro is heading a little bit lower, slipping as eurozone data disappoints, and as the Spanish bond auction doesn’t go as well as hoped. After hitting a seven-week high against the US dollar, the 17-nation currency is now pulling back.
December 04th, 2012 at 10:34
The euro climbed against the US dollar today on optimism for the Greek bond-buyback program and the macroeconomic data, which was better than expected. At the same time, the shared 17-nation currency fell versus the Japanese yen.