Euro is heading higher today as better news helps spur risk appetite. Euro is finding support as the Spanish bond auction outperforms expectations, and as US jobs data shows improvement.
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
October 05th, 2012 at 13:24
October 04th, 2012 at 13:22
Euro is getting a boost today, thanks to improved hopes and expectations for the eurozone. The ECB made its interest rate announcement today, and that has calmed Forex traders to some degree, and boosted the optimism toward the 17-nation currency zone.
October 03rd, 2012 at 13:09
Euro is slipping today, heading lower as data indicates that the eurozone most likely slipped into recession during the third quarter. Also weighing on the euro is the continued efforts by Spain to put of the inevitable before it finally asks for aid.
October 02nd, 2012 at 12:55
For weeks now, eurozone leaders and others have been waiting for Spain to ask for a bailout. Spain has even been encouraged to ask for a bailout. But the country’s leaders have been reluctant. Now, it looks as though Spain might be ready, and the euro is heading higher as a result.
October 01st, 2012 at 11:22
The euro climbed today as the results of Spanish banks’ stress test were better than expected, improving the outlook for the economy of the eurozone and its currency.
September 27th, 2012 at 13:34
Euro has changed direction and is heading lower today against the US dollar. Earlier, the 17-nation currency had the upper hand, but optimism is fading and the euro is slipping.
September 25th, 2012 at 13:29
Euro is recovering today, and moving higher, after earlier lows against the US dollar. Concerns about the eurozone have melted away as risk appetite makes an appearance, and as the US dollar and other low beta currencies turn lower.
September 21st, 2012 at 14:18
Euro is getting a bit of a boost today, heading higher as optimism about Spain becomes the focus today. Also helping matters for the euro against the US dollar is the continued strength of gold, thanks to its use as an inflation hedge.
September 19th, 2012 at 14:24
Euro is slipping a bit against the US dollar, heading a little lower, but the 17-nation currency continues to hold on to the 1.30 level. Selling pressure is building, though, as weak economic data and continued inaction from eurozone leaders weighs on the euro.
September 17th, 2012 at 13:18
Euro is pulling back a bit today, consolidating recent positions and looking for a solid level of support. The main concern right now centers around what’s happening with embattled eurozone countries.