Euro managed to firm against the US dollar earlier in trading, but now the euro is lower in general as concerns about the global economy come into focus and as risk assets lose their attractiveness.
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
January 15th, 2013 at 15:43
January 12th, 2013 at 18:10
This week was very good for the euro even though the beginning of the week did not suggest such an end. The European Central Bank boosted the shared 17-nation currency as it said about a recovery later this year.
January 11th, 2013 at 15:55
Euro is still gaining ground against other majors today, heading higher as optimism remains from yesterday’s ECB announcement and Mario Draghi’s enthusiastic comments. Even though risk appetite is fading in some other markets (equities are struggling), the euro is heading a little bit higher.
January 09th, 2013 at 15:44
Euro is struggling today, thanks to a combination of light risk aversion and a weak German IP. The disappointments in economic data are weighing on the 17-nation currency a little bit, and resulting a bit of uncertainty, especially when combined with the other concerns plaguing the world economy.
January 08th, 2013 at 15:38
Euro is pulling back today, especially against low beta currencies, as risk aversion sets in. Concerns about global economic growth are weighing on high beta currencies today. Additionally, there are still concerns about the eurozone, and the debt crisis.
January 07th, 2013 at 15:43
Euro is paring its earlier losses to the US dollar, and looking to try to find some gains as the US session gets solidly underway. Without economic data, though, many traders are simply still considering last week’s news out of the Federal Reserve.
January 04th, 2013 at 17:07
Euro continues to struggle against the greenback today. After spending some time gaining against the US dollar, the euro is now down again. It’s been a bit of a see-saw today as Forex traders look for direction.
January 03rd, 2013 at 15:05
Euro is heading lower today, losing ground as risk aversion returns to the Forex market. Concerns about the next big budget battle in the United States are already surfacing, and that is weighing on risk appetite, and sending the euro lower.
January 02nd, 2013 at 15:10
Euro is higher today, gaining as risk appetite returns to the market and prompts a preference for high beta currencies. Even though the eurozone economy seems to be shrinking, all of the focus is on the relief over a fiscal cliff deal in the United States.
December 31st, 2012 at 14:00
Euro is losing ground today against its major counterparts as risk-off dominates the sentiment on the currency market. The fiscal cliff issue in the United States is causing uncertainty in a number of markets, and there are still concerns about what’s coming for the eurozone in 2013.