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Euro EUR

 

Detailed information and fundamental factors

Central Bank: European Central Bank

Public Debt to GDP Ratio, 2016: 88.9%

Trade Balance, 2017: $238.1 bln.

Inflation, 2017: 1.5%

Supporting Factors

Global reserve currency

medium

Currency of international trade

weak

Main objective of the European Central Bank is price stability

Factors of Weakness

Quantitative easing

strong

Decentralization

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

EUR/USD Trades Sideways on Italian Political Concerns

The EUR/USD currency pair today traded sideways following the resurgence of Italian political risks due to tensions within the coalition government. The currency pair’s losses were largely limited by the weaker US dollar following President Donald Trump‘s dovish comments yesterday.

Euro Edges Lower on Jerome Powell Testimony, Rallying US Dollar

The euro slumped on Tuesday during Federal Reserve Chair Jerome Powell’s semi-annual testimony on Capitol Hill. As Powell told the US Senate Banking Committee that continued, gradual increases to interest rates will be the desired monetary policy moving forward, the euro fell against the US dollar, adding to its steep year-to-date losses.

Euro Rallies on Risk-On Sentiment, Later Declines on US Retail Sales

The euro today rallied higher amid calm global financial markets, which encouraged a risk-on mood among investors boosting the single currency. However, the euro gave up some of its gains against the US dollar following the release of mixed US retail sales data in the early American session.

Euro Drops on Mixed ECB Minutes, Later Rallies on US Inflation Data

Earlier today, the euro dropped to new weekly lows following the release of the minutes of the European Central Bank‘s latest Governing Council meeting. The single currency headed lower despite the release of positive German inflation data, but rallied higher in the American session following the release of US CPI data.

Euro Rallies Higher Ahead of Mario Draghi Speech, Later Declines

The euro today opened higher against the US dollar following the disappointing US unemployment data released on Friday. The single currency rallied higher ahead of Mario Draghi‘s speech, but later declined due to a resurgence in demand for the US dollar in the American session.

Euro Heads Lower on Mixed PMI Data from Across the Eurozone

The euro today headed lower against the US dollar in the early European session following the release of mixed Eurozone PMI data by IHS Markit. The euro’s decline drove the EUR/USD currency pair lower as the US dollar recovered from its slump that occurred in the Asian session.

Euro Trades Lower on Germany Political Crisis and Mixed PMI Releases

The euro today traded lower against the US dollar amid the deepening of the political crisis in Germany as the Interior Minister Horst Seehofer threatened to resign. The release of mixed Eurozone PMIs by IHS Markit in the early European session could not reverse the pair’s downtrend as the US dollar gained ground over the single currency.

Euro Ends Week Second Strongest

The euro ended the past trading week as the second strongest major currency. The only currency that outperformed the euro was the Canadian dollar.

Euro Holds On to Gains After EU Migration Deal Amid Strong US PCE Data

The euro today held on to its gains in the American session despite the release of strong US inflation data, which boosted the greenback. The EUR/USD currency pair has rallied significantly higher overnight after European leaders finally reached a deal on Migration at the EU Summit.

Euro Declines on Weak German CPI and US GDP Data, Later Recovers

The euro today retraced most of its gains against the US dollar following the release of German CPI data in the mid-European session. The EUR/USD currency pair headed lower after several releases from the US docket such as the initial jobless claims data did not meet expectations.

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