Euro is extending yesterday’s gains in Forex trading today. Yesterday, the euro got a boost as ECB President Mario Draghi said that everything possible would be done to save the euro. The news has heartened investors and Forex traders around the world and encouraged risk appetite, helping the euro.
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
July 27th, 2012 at 13:29
July 26th, 2012 at 13:14
Euro has jumped higher, goosed by the comments from European Central Bank president Mario Draghi. The ECB’s commitment to the euro is helping the 17-nation currency against the US dollar, and helping spur a bit of risk appetite.
July 25th, 2012 at 13:17
Euro is rallying today, heading higher against most major currencies as an official at the European Central Bank expressed the thought that a banking license might be a good idea for the eurozone bailout fund.
July 24th, 2012 at 14:50
Euro is floundering today as concerns about what’s next continue to plague the 17-nation currency region. Once again, the 17-nation currency is below the 1.21 level against the US dollar, and it continues to drop against the UK pound.
July 23rd, 2012 at 13:25
It’s been two years since the euro has hit levels seen today. Concerns about the need for a major Spanish bailout are on the rise, and that is dragging down the euro. Spain would be the fourth eurozone country to ask for a major bailout — an indication that the sovereign debt crisis is still not under control.
July 19th, 2012 at 16:49
Euro continues to struggle today, with Spanish borrowing costs causing one of the issues, and underscoring the fact that eurozone leaders seem unable (or unwilling) to take the steps necessary to truly ending the crisis and integrating the eurozone countries into a more unified financial bloc.
July 13th, 2012 at 14:34
Euro slumped to a two-year low against the US dollar earlier today, starting off with a rather dramatic loss. However, things have begun looking up, at least a little, and the euro is heading higher.
July 12th, 2012 at 14:28
The euro is dropping today — a rapid drop against the US dollar. Euro is losing ground on concerns about what’s next for the eurozone, but there are also concerns about how China’s slowing growth, as well as the lack of growth in reserves, are affecting the 17-nation currency.
July 11th, 2012 at 13:27
Euro is receiving a bit of a boost right now, inching higher as risk appetite attempts an appearance. However, the feeble gains this morning aren’t expected to last too long. Already, rumors that the euro might really be on its last legs are circulating as Germany balks at approving the latest incarnation of the European Stability Mechanism.
July 10th, 2012 at 14:35
A Spanish bailout has been agreed to, with eurozone leaders providing 30 billion euros by the end of July. On top of that Spain has until 2014 to meet its deficit reduction target. The news, while it has helped bolster stocks, hasn’t given the euro much of a boost. Euro remains lower against the US dollar as other issues take precedence.