Euro is struggling today, especially against the US dollar. The Long-Term Refinancing Operation offered more money than expected, and that has many wondering about the stability of the European banking system. So, even though there is a measure of risk in the financial markets today, the euro isn’t feeling the good effects.
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
February 29th, 2012 at 15:46
February 28th, 2012 at 1:48
The euro remained weaker against other major currencies after yesterday’s slump as Standard & Poor’s reduced Greece’s credit ratings to selective default, adding to concerns about Europe’s debt woes.
February 27th, 2012 at 14:21
This past weekend, the G-20 meeting in Mexico City seemed to have a common refrain: The eurozone needs to get its act together. Concerns about the eurozone were top of the list at the meeting, with delegates asking questions about the way the entire sovereign debt crisis has been handled. With the world’s uncertainty about the eurozone on display, the euro is much lower today against its major counterparts.
February 24th, 2012 at 14:15
Euro has moved above the 1.3400 mark today as Forex traders look on the bright side of things. However, there are questions about whether the euro can find support at this level, considering the issues that still afflict the eurozone, and the global economy.
February 23rd, 2012 at 12:32
The euro advanced today as German business confidence this month reached the highest level in seven months, easing concerns about economic growth of the eurozone. The concerns haven’t completely disappeared, though, and the currency gave up some of its gains.
February 22nd, 2012 at 15:36
The latest economic data out of the eurozone is pointing to a possible recession, and that has the euro losing ground to the US dollar today. Business activity in the eurozone showed an unexpected contraction for the month of February, and that is raising fears of economic slowdown.
February 21st, 2012 at 15:47
The euro was flat today after the European finance ministers agreed to provide Greece a bailout, but investors weren’t convinced that the situation in the eurozone will improve in the near future.
February 17th, 2012 at 16:05
Euro is gaining today, heading higher after a rocky week, thanks to hopes for a Greek bailout. Expectations are that a Greek debt agreement will be reached by Monday. The news has many Forex traders scrambling to enter long positions on the euro against the US dollar and the Japanese yen.
February 16th, 2012 at 14:35
Once again, a decision about a Greek debt deal has been delayed. As a result, markets are jittery and the euro is dropping. Indeed, at one point the euro fell to three-week lows on the news that eurozone leaders are unable to reach a decision about how to handle Greece.
February 15th, 2012 at 10:32
The euro advanced today as China signaled that it may help the European Union in battling the debt crisis and Germany’s economy shrank less than was forecast.