Euro is fluctuating between gains and losses against the US dollar today in forex trading. The 17-nation European currency is looking for direction as forex traders prepare to close out positions as the year draws to a close.
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
December 29th, 2011 at 18:20
December 28th, 2011 at 15:29
Euro is losing ground, dropping below the 1.30 mark against the US dollar, as risk aversion returns to the markets. Forex traders are concerned about what’s next in the eurozone drama. A recent auction in Italy, of six-month bond issues, went well, but some are worried about what happens at Thursday’s longer-term Italian auction.
December 26th, 2011 at 18:14
Most Western stock markets may be closed today, but Forex trading is happening nonetheless. Trading is relatively thin, though. Right now the euro is gaining against the US dollar on expectations of an economic recovery for the United States, and possibly the world.
December 23rd, 2011 at 15:19
Euro remains vulnerable in Forex trading, thanks to the still-unresolved eurozone debt crisis. The 17-nation currency is flat right now, slightly lower, ahead of the holiday. Trades are winding down, and the euro is still likely to run into trouble against safe haven currencies like the US dollar and the Japanese yen.
December 21st, 2011 at 14:24
Today, for the first time, the European Central Bank began offering three-year loans as part of a plan to provide struggling countries with the funding to avoid collapsing due to the debt crisis. Even though the measure is supposed to help eurozone countries, the euro has slipped against other major currencies.
December 19th, 2011 at 14:08
It’s all about defensive positions today on the Forex market as news continues to give traders pause. Forex traders are processing the news of the death of Kim Jong Il, the dictator that ruled North Korea for years, and considering whether or not Fitch really will downgrade France along with six other European countries.
December 16th, 2011 at 14:52
Euro is edging higher today, holding on to some of its overnight gains, as things slow down in the financial markets ahead of Christmas week. Even though Christmas is still more than a week away, things are already slowing down in a lot of markets.
December 15th, 2011 at 14:43
The euro ended its three-day drop against the US dollar and the Japanese yen as the outcome of Spain’s debt auction was much better than anticipated, relieving concerns about the European sovereign-debt crisis to some extent.
December 14th, 2011 at 15:45
Euro is tanking today, moving below the psychologically important 1.30 level as funding pressures continue for some eurozone countries. Italian and Spanish debts are more expensive, and European Union leaders are still struggling with a solution that will improve the current situation, as well as prevent future crises.
December 13th, 2011 at 10:27
The euro traded flat today as the pessimistic market sentiment was neutralized by the fundamental indicators that suggested economies of the European countries are improving, at least the strongest economies.