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 Lower after Mario Draghi’s Comments

Euro is lower today, and Mario Draghi’s comments aren’t helping. A combination of concern about the eurozone and general risk aversion is leading to losses for the 17-nation currency.

Euro a Little Lower as it Consolidates ahead of ECB

Euro appears to be in consolidation mode right now, and is a little bit lower against other majors right now as a result. It’s also not helping that some doubts, helped by renewed concerns about sovereign debt, are creeping into the picture.

Euro Regains Strength, Policy Makers Unlikely to Intervene

The euro jumped today following yesterday’s slump as unexpectedly favorable macroeconomic data increased attractiveness of the currency, while hopes that policy makers will not prevent appreciation added to the euro’s strength.

Political Concerns Halt Euro Rally

Did Forex traders get too excited about the euro recently? That’s what many are wondering as political concerns halt the recent euro rally and send the 17-nation currency plunging. Political concerns in Spain and Italy, as well as speculation about the upcoming European Central Bank meeting, are weighing on the euro today.

Euro Continues to Gain as Better Data Comes In

Euro is getting a boost today, moving through the 1.3600 level against the US dollar as better economic data comes in. Signs of stabilization in the euro zone are supporting the 17-nation currency.

Euro Mixed Against Other Majors

Euro is mixed against other major currencies today, thanks to a mixed bag of data. Even though the euro is off its recent highs against the US dollar, though, it is still turning in a strong performance against the greenback.

EUR Highest Since 2010 vs. JPY as Economic Confidence Improves

The euro rose today, reaching the highest level since November 2011 against the US dollar and the highest since April 2010 versus the Japanese yen, after a report showed improvement of the European economic confidence.

EUR/USD Reaches Highest Rate Since 2011

The euro rose today, erasing its previous losses versus the Japanese yen and touching the highest level since December 2011 against the US dollar, as the sentiment of German consumers was stable this month. The currency fell against the Great Britain pound.

Euro Lower on Profit Taking

Euro is a little lower today against the US dollar, thanks in large part to a round of profit taking from Forex traders anxious to lock in gains seen last week during the 17-nation currency’s spectacular rally.

Euro Gets Help from Improved Global Economic Outlook

Euro is getting help today from an improved global economic outlook. With the world economy looking a little better, with help from the latest news out of the United States as well as earlier news from China, optimism is driving interest in risk assets like the euro.

Archives

SUBSCRIBE

Searching for a proper Forex broker? See the list of recommended Forex brokers.