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 Advances on Bailout for Cyprus, Drop Is Still Possible

The performance of the euro shifts and changes as Cyprus continues to remain in the spotlight of the news and the future of the country remains uncertain. For now, the currency has the upper hand, but some analysts are worried that it will not be able to retain the gains.

Euro Down on Regional Economic Data

Euro is down pretty much across the board today, heading lower as regional economic data drags on the 17-nation currency.

Euro Dips as Cyprus Levy Goes to a Vote

Euro is heading lower against its major counterparts today, thanks in large part to uncertainty over the vote in Cyprus. Once again, questions about the euro’s stability are being raise, and that is weighing on the 17-nation currency.

Euro Manages to Log Gains after Offering Flexibility to Cyprus

Euro plunged in value to start the week, thanks in large part to the latest banking crisis, located in Cyprus. An unprecedented bank tax caused consternation over the weekend, and renewed fears about banking problems and bailout prospects. However, announced flexibility from eurozone leaders is supporting the euro right now.

Euro Gains Amid Uncertainty

Even with a level of uncertainty, the euro is gaining ground today. The 17-nation currency is up against its major counterparts, even as a number of issues remain unresolved.

Euro Shows Weakness after Economic Data

Euro is showing weakness today, thanks in large part to disappointing economic data. Also impacting the outlook for the euro are continued difficulties in Italy and other periphery countries.

Bundesbank Predicts More Problems for the Euro

Even though the euro is logging gains against its major counterparts today, the Bundesbank sees trouble ahead for the 17-nation currency. Unconvinced that the eurozone crisis is over, Germany’s central bank is stockpiling billions in order to get through what it thinks is more difficult as the sovereign debt crisis continues.

EUR/USD Backs of as Fitch Downgrades Italy

The euro fell today, following yesterday’s gains, after Fitch Ratings downgraded Italy’s credit rating. The currency held steady against the Japanese yen and the Great Britain pound.

European Realities Keep the Euro Down Today

The realities of what’s happening in the Europe are weighing on the euro today, and even better news out of the United States can’t boost risk appetite enough to help. Mario Draghi’s remarks during yesterday’s ECB policy announcement were less than inspiring, and the latest news on the US economy only serves to highlight differences.

Euro Gains on ECB, US Jobs Report

Euro is gaining ground today, after some recent disappointments, thanks to the latest move from the European Central Bank. Additionally, risk appetite is making an appearance today on the news that the latest US unemployment data shows some continued improvement in the labor market.

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