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

Euro Drops after Firming Earlier

Euro managed to firm against the US dollar earlier in trading, but now the euro is lower in general as concerns about the global economy come into focus and as risk assets lose their attractiveness.

ECB Makes Week Good for Euro

This week was very good for the euro even though the beginning of the week did not suggest such an end. The European Central Bank boosted the shared 17-nation currency as it said about a recovery later this year.

Euro Gains Ground on Optimism in the Eurozone

Euro is still gaining ground against other majors today, heading higher as optimism remains from yesterday’s ECB announcement and Mario Draghi’s enthusiastic comments. Even though risk appetite is fading in some other markets (equities are struggling), the euro is heading a little bit higher.

Euro Struggles on Disappointing German IP

Euro is struggling today, thanks to a combination of light risk aversion and a weak German IP. The disappointments in economic data are weighing on the 17-nation currency a little bit, and resulting a bit of uncertainty, especially when combined with the other concerns plaguing the world economy.

Euro Pulls Back as Risk Aversion, Eurozone Concerns Weigh

Euro is pulling back today, especially against low beta currencies, as risk aversion sets in. Concerns about global economic growth are weighing on high beta currencies today. Additionally, there are still concerns about the eurozone, and the debt crisis.

Euro Looks to Eke Out Gains against the US Dollar

Euro is paring its earlier losses to the US dollar, and looking to try to find some gains as the US session gets solidly underway. Without economic data, though, many traders are simply still considering last week’s news out of the Federal Reserve.

Euro Struggles Against the Greenback

Euro continues to struggle against the greenback today. After spending some time gaining against the US dollar, the euro is now down again. It’s been a bit of a see-saw today as Forex traders look for direction.

Euro Loses Ground on Risk Aversion

Euro is heading lower today, losing ground as risk aversion returns to the Forex market. Concerns about the next big budget battle in the United States are already surfacing, and that is weighing on risk appetite, and sending the euro lower.

Relief Over Fiscal Cliff Outweighs Disappointing Eurozone Data

Euro is higher today, gaining as risk appetite returns to the market and prompts a preference for high beta currencies. Even though the eurozone economy seems to be shrinking, all of the focus is on the relief over a fiscal cliff deal in the United States.

Euro Struggles as Risk-Off Returns to Currency Market

Euro is losing ground today against its major counterparts as risk-off dominates the sentiment on the currency market. The fiscal cliff issue in the United States is causing uncertainty in a number of markets, and there are still concerns about what’s coming for the eurozone in 2013.

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