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 Mixed as Traders Feel Uncertainty Ahead of EU Summit

The euro showed a mixed performance ahead of the EU summit. It rose against the Great Britain pound, fell versus the US dollar, before rebounding later, and stayed flat against the Japanese, showing that traders are uncertain about the way the currency would go.

Euro Lower Ahead of EU Summit

The upcoming European Union summit is doing little to help calm nerves right now. While there are grand plans being laid, few people expect a true breakthrough from the summit, and there is an expectation that the situation will remain largely the same at the end of the meeting.

Europe Fears Dominate, Sending Euro Lower

Fears about Europe are back in the spotlight, causing worries and resulting in risk aversion that is weighing heavily on the euro today. Euro is lower as concerns about what’s next send EUR/USD below the 1.25 mark.

Euro Moves Higher as the Markets Calm Down

Euro is moving higher right now as the markets calm down from yesterday’s huge break down. Concerns about the global economy, along with a mass downgrade of banks by Moody’s Investors Serve, send markets tumbling out of control yesterday. Today, though, things are calming down a bit, and the euro is seeing a bit of a lift.

Euro Slips on Worsening Economic Outlook

The economic outlook is worsening in Europe, and that is bringing the euro down against the US dollar in Forex trading. Concerns about what’s next for the eurozone, as well as for the euro itself, are weighing on the 17-nation currency right now.

Euro Surges on Spanish Bond Demand, Federal Reserve Stimulus

Euro is surging today as investors and Forex traders decide that there’s plenty to be optimistic about after all. Demand at the latest Spanish bond auction was strong, and there are expectations that the Federal Reserve will announce more stimulus at the close of its current two-day meeting. The news is being greeted with enthusiasm, and EUR/USD even touched 1.27 at one point.

Pro-Bailout Politicians Win in Greece; Euro Down Anyway

Even though pro-bailout politicians won in the Greek elections over the weekend, the euro is heading lower against its major counterparts. Relief over the outcome in Greece gave the euro a boost earlier, but that quickly gave way as the spotlight turned to shine on Italy and Spain.

Euro Pulls Back a Little on Uncertainty

Euro is pulling back a little on uncertainty today. Euro was higher earlier on the news that central banks would coordinate efforts in the event that Greek elections go badly this weekend, but there is enough disquiet about what’s ahead that the euro is slightly lower.

Euro Gains as US Data Sparks Talks About Stimulus

The euro advanced against other major currencies today as poor macroeconomic data from the United States weakened the dollar and spurred speculations that the Federal Reserve will stimulate the economy to support the faltering recovery.

Euro Holding to Earlier Gains

Euro is holding to earlier gains, and even building again, thanks to an appearance of risk appetite. Earlier, risk appetite faded a bit after US retail sales data, but now there appears to be a resurgence in a desire for riskier assets. The euro, as a result, is regaining its advantage against the US dollar.

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