The euro was mixed today as traders wait for news from the United States concerning the debt ceiling debate. Data from Europe was mostly good, though some economic indicators might be considered worrying.
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 is heading higher today, thanks in part to expectations of a debt deal in the United States, and in spite of continued questions about the eurozone economic recovery. Euro is gaining against its major counterparts as a bit of risk aversion makes an appearance on the markets.
Various news from the United States made the euro weaker than the dollar, resulting in the third consecutive session of losses for the shared European currency today. At the same time, positive data from Germany allowed the euro to gain on the Japanese yen.
Euro is getting a boost today, thanks in large part to the latest jobs data, and to improvements in Germany’s economic data. Germany is seeing an increase exports, and there is a decline in the eurozone’s jobless rate.
Euro is higher against the US dollar today, thanks in large part to the concerns related to the government shutdown and its effect on the economy. However, the 17-nation currency isn’t having as much success against other major currencies, as it heads lower against the pound and the yen.
Euro is pulling back today after reaching the 1.36 level against the US dollar. The 17-nation currency got a boost earlier, but has since settled back as more traders consider the situation.
Euro is strengthening today, heading to levels not seen since earlier this year. Concerns about what’s next for the US dollar are supporting the euro, and the 17-nation currency is also getting help from a resolution to issues in Italy and a vote of confidence from ECB President Mario Draghi.
The euro climbed today against the US dollar and the Great Britain pound after the European Central Bank left monetary policy unchanged and Italy avoided political crisis. The currency also pared losses versus the Japanese yen.
Euro is dropping today, falling against its major counterparts as disappointing economic data, along with the political situation in Italy, weigh on the 17-nation currency.
Euro is struggling today as Italian politics turn ugly. The 17-nation currency is mostly lower today, dropping against most of its counterparts. The currency that isn’t gaining against the euro right now is the US dollar, which is facing political issues of its own right now.