The euro fell today even after German economic growth exceeded analysts’ estimate. The problem was the Germany’s deflation was above expectations as well, and on top of that eurozone’s economic growth received a downward revision.
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
Economist and analysts expect the eurozone economy to slow its rate of growth through the end of 2016, and that is weighing on the euro today. The 19-nation currency is struggling against some of its counterparts.
More discussions about what to do about Greek debt are getting underway, and that is impacting the euro today. The 19-nation currency is trading mixed today, heading lower against the pound and the dollar, but gaining ground against currencies like the yen.
Euro continues to show strength, even though many analysts thought it would be much lower by now. Much of the current strength is likely coming from the fact that the United States probably won’t raise interest rates in the near future.
The euro continues to show strength in currency trading on the FX market, even though stimulus is in effect, and there could be more stimulus on the way for the eurozone. Signs that stimulus efforts are having an impact are providing support for the 19-nation currency, as is the fact that the Federal Reserve has yet to truly commit to policy divergence and raise rates again.
The euro fell against most of its major peers this week as the outlook for the monetary policy of the European Central Bank remained dovish. The currency showed better performance against safe currencies like the Japanese yen and the Swiss franc.
The euro was attempting to rally today but failed and went back down after the monetary policy meeting of the European Central Bank showed that the bank’s outlook remained dovish.
Euro is struggling today, turning mostly lower, as concerns about Greece once again come into focus. Worries about Greece coming to an agreement with creditors are weighing on the euro, which hasn’t seen much benefit from recent ZEW data.
Euro is finding support today, heading higher in Forex trading against many of its major counterparts. Euro is gaining ground as Brexit worries weigh on the sterling, and as a possible agreement with Greece helps optimism.
Euro is trading mixed today, gaining against the US dollar while falling against other major counterparts. However, even though the 19-nation currency is higher against the dollar, some analysts feel that the recent rally is coming to an end and that parity with the greenback may be reached by the end of the year.