The performance of the euro shifts and changes as Cyprus continues to remain in the spotlight of the news and the future of the country remains uncertain. For now, the currency has the upper hand, but some analysts are worried that it will not be able to retain the gains.
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
March 25th, 2013 at 11:30
March 21st, 2013 at 15:31
Euro is down pretty much across the board today, heading lower as regional economic data drags on the 17-nation currency.
March 19th, 2013 at 15:12
Euro is heading lower against its major counterparts today, thanks in large part to uncertainty over the vote in Cyprus. Once again, questions about the euro’s stability are being raise, and that is weighing on the 17-nation currency.
March 18th, 2013 at 14:40
Euro plunged in value to start the week, thanks in large part to the latest banking crisis, located in Cyprus. An unprecedented bank tax caused consternation over the weekend, and renewed fears about banking problems and bailout prospects. However, announced flexibility from eurozone leaders is supporting the euro right now.
March 15th, 2013 at 13:19
Even with a level of uncertainty, the euro is gaining ground today. The 17-nation currency is up against its major counterparts, even as a number of issues remain unresolved.
March 13th, 2013 at 13:06
Euro is showing weakness today, thanks in large part to disappointing economic data. Also impacting the outlook for the euro are continued difficulties in Italy and other periphery countries.
March 12th, 2013 at 14:42
Even though the euro is logging gains against its major counterparts today, the Bundesbank sees trouble ahead for the 17-nation currency. Unconvinced that the eurozone crisis is over, Germany’s central bank is stockpiling billions in order to get through what it thinks is more difficult as the sovereign debt crisis continues.
March 12th, 2013 at 1:35
The euro fell today, following yesterday’s gains, after Fitch Ratings downgraded Italy’s credit rating. The currency held steady against the Japanese yen and the Great Britain pound.
March 08th, 2013 at 13:58
The realities of what’s happening in the Europe are weighing on the euro today, and even better news out of the United States can’t boost risk appetite enough to help. Mario Draghi’s remarks during yesterday’s ECB policy announcement were less than inspiring, and the latest news on the US economy only serves to highlight differences.
March 07th, 2013 at 17:47
Euro is gaining ground today, after some recent disappointments, thanks to the latest move from the European Central Bank. Additionally, risk appetite is making an appearance today on the news that the latest US unemployment data shows some continued improvement in the labor market.