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 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
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.
Euro is struggling today, especially against the US dollar, thanks in large part to the recent developments in the credit market, and due to more trouble in Italy. Concerns about what’s next for the eurozone are once again asserting themselves, and that is putting some pressure on the euro.
The euro gained against the US dollar today as the German consumer climate remained positive and as the budget talks in the United States were hurting the greenback. The shared 17-nation currency was flat versus the Japanese yen and weakened against the Great Britain pound.
Today, the euro retained losses that it made yesterday as macroeconomic data from Germany disappointed Forex market participants, while the political situation in the country remained uncertain. The currency continued to rise versus the Great Britain pound.
The latest good news out of the eurozone isn’t helping the 17-nation currency much against its counterparts today. Even though business activity has improved, and Angela Merkel easily won another term as Chancellor, the euro is struggling today.
Euro is getting a little help today, thanks to improved morale in the eurozone. Even though the 17-nation currency is struggling against the US dollar, the euro is higher against some of its other major counterparts. There is a lot for Forex traders to think about as this week draws to a close.
Euro is gaining ground today as concerns about an ECB rate cut are eased — at least for the time being. The decision of the Federal Reserve to keep the asset purchase program in place in the United States has helped money markets, and made things a little easier for policymakers in the eurozone.