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Euro EUR

 

Detailed information and fundamental factors

Central Bank: European Central Bank

Interest Rate: 0.00%

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

Euro Crashes on Disappointing Eurozone PMI Prints

The euro today crashed against the US dollar in the early European session following the release of disappointing PMI data from across the eurozone by IHS Markit. The EUR/USD currency pair’s crash was triggered by the release of disappointing German and eurozone PMI prints, which came in at record lows painting a bleak picture for most eurozone economies.

Euro Surges on Dovish Fed, Capped by Debt Warnings

The euro is rallying against a basket of major currencies on Thursday, buoyed by a dovish Federal Reserve. The gains were capped by a new report that sounded the alarm about public debt binges that threaten the stability of the currency.

Improving Economic Sentiment Fails to Boost Euro

The economic sentiment in Germany as well as in the whole eurozone improved significantly this month. But that failed to give a noticeable boost to the euro, which was moving in a range in the second half of the Tuesday’s session.

Euro Rallies to 2-Week Highs on Positive Sentiment, Later Drops

The euro today extended last week’s gains against the US dollar driven largely by positive investor sentiment given the lack of major releases from the European docket. The EUR/USD currency pair rallied to 2-week highs in the mid-European session before dropping lower as investors became wary of current geopolitical conditions.

Euro Drops on Mixed Euro Area Data, Rallies on Weak US Data

The euro today headed lower in the early European session following the release of mixed data from across the euro area before rallying higher later. The EUR/USD currency pair recovered in the early American session following the release of disappointing American industrial data.

Euro Rallies on Positive European Releases and Mixed US Prints

The euro today extended its rally against the US dollar for the fourth consecutive session driven by positive eurozone releases. The EUR/USD’s rally was also boosted by the release of mixed US data and the improved market risk sentiment amid Brexit hopes.

Euro Rallies on Weak US Inflation Data Amid Brexit Headlines

The euro today rallied for the third straight session against the US dollar as investors reacted to the mixed US inflation data released today. The EUR/USD currency pair’s rally was further boosted by Brexit developments as the EU and the UK agreed to a raft of joint declarations on the Irish backstop issue.

Euro Mixed, Capped by Disappointing German Data

The euro was mixed today, falling against commodity currencies, trading flat against the US dollar and the Japanese yen, while posting big gains versus the Swiss franc. Market analysts attributed such behavior to the risk-on mode of markets. Macroeconomic data released over the session in Germany was disappointing, preventing the currency pair from going higher.

Dovish ECB Rate Decision and Draghi Comments Trigger Euro Crash

The euro today crashed to almost 2-year lows following dovish comments by the European Central Bank Governor after the bank’s interest rate decision earlier today. The EUR/USD currency pair today fell to lows last witnessed in June 2017 after the ECB slashed the eurozone’s economic growth forecasts and announced new easing measures.

Euro Drops on Weak Chinese Data Despite Strong Eurozone PMIs

The euro today extended yesterday’s decline in the Asian session against a much stronger US dollar before rallying slightly in the early European session. However, the rally was not sustained as the pressure of weak Chinese growth forecasts weighed on the markets risk sentiment; the EUR/USD pair slid to new lows in the American session.

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