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 Falls as Greece Takes Headlines Again, Rebounds

The euro fell yesterday as fears about Greece’s exit from the eurozone resurfaced, driving investors away from the shared European currency. Today, the euro managed to pare its losses and gained against other majors.

Euro Gives Up Gains as US Economy Shows More Strength

Euro is giving up its earlier gains against the US dollar today as better news out of the United States gives the greenback the edge. With the latest retail sales data, the US economy appears to be in a better place than the eurozone economy, and that means that the euro is losing ground to the dollar.

Euro Advances, Is It Able to Keep Gains?

The euro ended Monday’s session higher against major currencies and kept the gains today. Yet Forex traders are worried that today’s macroeconomic reports would show rather unpleasant picture of the eurozone economy, sending the currency down.

Uneventful Week of Trading Not Good for Euro

This trading week was a bit uneventful. That was not good for the euro as traders hoped that the European Central Bank would act to support the currency as its President Mario Draghi had promised previously.

Uncertainty Sends Euro Lower

Uncertainty about the fate of the eurozone is once again front and center in the markets, and that is sending the euro lower. The ECB has failed to act as quickly as many would like, and disappointing German data is dragging on the 17-nation currency.

Euro Slips as Traders Await Central Bank Moves

After three days of rallying, the euro is slipping as traders await moves from the ECB to support the 17-nation currency. Last week, Mario Draghi indicated that the ECB is ready to take some of the burden of Italy and Spain, but many are still waiting for something substantial.

Euro Loses Strength as Monti Sparks Fears

The euro was stronger at the beginning of today’s session, boosted by the optimism that persisted from the last week, but trimmed its gains and fell against some major currencies later after Italian Prime Minister Mario Monti warned that the eurozone may fall apart because of the disagreement among the European Union members.

Euro Ends Higher vs. Most Majors After Hard Week of Trading

This week was not an easy week to trade. The market sentiment was shifting and changing all the time, making it hard for traders to catch a particular price movement. The euro reflected that volatility as it fell during the week, reaching all-time lows against some currencies, but ended the week higher against most majors.

Euro Gains as Traders Expect Some Intervention from the ECB

Risk appetite is on the rise today, following good news from the United States. While risk appetite helps the euro in general, the 17-nation currency is also being helped along by optimism about what’s next for the ECB. Many Forex traders just don’t believe that the ECB will let the euro fail.

Euro Drops on Draghi Disappointment

Euro is dropping today, thanks in large part to the disappointment over Mario Draghi‘s policy announcement from the ECB. Many had expected the ECB to announce measures to help ease the sovereign debt. At the very least, there were expectations that the ECB would buy Spanish and Italian bonds. However, Draghi’s “whatever it takes” rhetoric might just that: Rhetoric.

Archives

SUBSCRIBE

Subscribe to Forex News by E-mail: