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 at Four-Month High Following Fed QE Announcement

Euro is at a four-month high today, following yesterday’s quantitative easing announcement from the Federal Reserve. The news has devalued the dollar considerably, and given the euro a boost.

Euro Hits a Wall as Uncertainty Returns

Euro is hitting a bit of a wall as uncertainty makes an appearance today. Many Forex traders are in wait and see mode until the Federal Reserve comes out with its interest rate and economic policy announcement. While interest rates aren’t likely to change, many are interested to find out whether the United States will see another round of stimulus.

Germany Approves Eurozone Bailout Fund, Lifting Euro

Germany’s highest court ruled today that it will not block the eurozone’s bailout fund. With this tacit approval of the 700 billion European Stability Mechanism, the ECB is ready to move forward with crisis-fighting action as it deems necessary.

Euro Surges on Expectations that Germany’s High Court will Back the ESM

Euro is heading higher today, gaining dramatically as Forex traders expect Germany’s high court to back the European Stability Mechanism, which is also referred to as the eurozone’s bailout fund.

Euro Weakens as Troika Withholds Bailout for Greece

The euro weakened today as the troika refused to provide a next round of bailout for Greece as the indebted country was continuously failing to stick to the targets that were set as conditions for the rescue package.

ECB Bond Buying & US Payrolls Lead to Fourth Weekly Gain of Euro

The euro jumped this week, posting the fourth consecutive weekly gain. The major driving factors for the rally were the policy meeting of the European Central Bank and US nonfarm payrolls that came out worse than expected.

Euro Surges as Bond Buying Program Receives Approval

Euro is receiving quite a boost today as markets show their approval of the most recent plan to help save the euro. However, even with this plan in place, there are still plenty of hurdles for the eurozone.

ECB Maintains Rates and Initiates Bond Buying, Euro Jumps

The euro was stronger today European Central Bank President Mario Draghi left the key minimum bid rate unchanged and detailed the program of unlimited sterilized purchases of sovereign bonds. Such decision was expected by Forex market participants, but was well-received nevertheless.

Euro Climbs Ahead of ECB Policy Meeting

The euro jumped yesterday and retained its gains today as hopes for asset purchase plan of the European Central Bank continued to support the shared 17-nation currency and made market participants more willing to invest in European assets.

Euro Loses Gains on Profit-Taking

Hopes for the coming European Central Bank policy meeting were driving the euro higher today. Yet the rally stalled and then failed completely. As a result, the shared 17-nation currency ended the trading session in the negative territory.

Archives

SUBSCRIBE

Subscribe to Forex News by E-mail: