Top Forex News

Live Forex news from all over the world.

    Archives

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, 2019: 1.6%

Supporting Factors

Global reserve currency

medium

Currency of international trade

weak

Main objective of the European Central Bank is price stability

Safe haven currency

weak

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

German Consumer Climate Deteriorates, Euro Weaker as Traders Expect Fiscal Stimulus in USA

The euro fell against the US dollar and was trading flat or lower versus other most-traded rivals. Market analysts thought that the euro’s weakness was mostly a result of the dollar’s strength as speculators continue to bet that US politicians will approve fiscal stimulus before the presidential election at the beginning of November. German macroeconomic data was worse than expected but did not have a material impact on the euro, though it […]

Euro Rallies on ECB Comments and In-Line Eurozone Inflation Data

The euro today inched higher against the dollar as rising eurozone coronavirus cases continued to weigh on the single currency amid mixed inflation reports. The EUR/USD currency pair was trading sideways earlier today before surging higher boosted by positive comments from European Central Bank policymakers.

Euro Falls on Rising EU Coronavirus Cases and Risk-Off Sentiment

The euro today fell against the US dollar driven the risk-off market sentiment amid rising coronavirus cases in the euro area stoking fears of more lockdowns. The EUR/USD currency pair fell to new 2-week lows as US stimulus talks stall ahead of the November 3 Presidential election as opinion polls place Joe Biden ahead of Trump.

Euro Falls Against Dollar on Risk-Off Sentiment As Investors Flee

The euro today fell against the dollar driven by the risk-off market sentiment as investors fled the riskier assets in favour of fo safe-haven instruments such as the dollar. The EUR/USD currency pair fell over 80 pips as markets reacted to news that Johnson & Johnson was pausing its COVID-19 vaccine trial due to unexplained illnesses.

Euro Falls Against Strong Dollar Despite Revived Stimulus Talks

The euro today fell against the US dollar driven by the risk-off market mood, which saw riskier assets selloff in favour of safe-haven assets such as the greenback. The EUR/USD currency pair’s decline occurred at a major resistance level as sellers stepped in driving the pair to its daily lows buoyed by the weak German data.

Euro Strong After Market Sentiment Recovers

The euro was strong today, rising against all other most-traded currencies, with the exception of the Australian dollar. The possible reason for the rally was the market sentiment, which was recovering after confusing tweets from US President Donald Trump. Macroeconomic reports released in the eurozone today were mixed.

Euro Falls Against Dollar on Risk-Off Mood, Non-Farm Payrolls

The euro today fell against the dollar reversing all of yesterday’s gains driven by the risk-off market sentiment after US President Donald Trump tested positive for COVID-19. The EUR/USD currency pair’s decline was further fueled by the weak inflation data from the euro area, which could derail the bloc’s economic recovery.

Euro Rallies Against Dollar on Elevated Sentiment, Falls Then Rises

The euro today rallied against the US dollar twice followed by quick retracements despite the upbeat investor risk appetite that boosted risk assets. The EUR/USD currency pair today rallied then gave up all its gains before rallying again as the bulls and bears fought for control amid mixed euro area macro prints.

Euro Rallies to 1-Week Highs Driven by Investor Risk Appetite

The euro today rallied against the US dollar despite the release of mixed macro prints from across the euro area driven by the resurgent investor risk appetite. The EUR/USD currency pair’s rally was also boosted by the greenback’s selloff, which started yesterday amid hopes of a US coronavirus stimulus package.

Euro Falls to 2-Month Lows As Investors Remain Risk Averse

The euro today fell to 2-month lows against the US dollar driven by negative investor sentiment as coronavirus cases in Europe and across the world continue to rise. The greenback’s rally also fueled the EUR/USD currency pair’s decline as investors piled into the world’s only reserve currency despite the looming US elections.

Navigation

Menu