Live Forex news from all over the world.
Euro EUR
Central Bank: European Central Bank
Public Debt to GDP Ratio, 2016: 88.9%
Trade Balance, 2017: $238.1 bln.
Inflation, 2017: 1.5%
Global reserve currency
medium
Currency of international trade
weak
Main objective of the European Central Bank is price stability
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.
The euro edged up today after the better-than-expected German business climate print and rose further sharply following comments from European Central Bank President Mario Draghi. As of now, the currency has lost its gains versus the US dollar, trimmed them against the Japanese yen, but kept them against the Swiss franc.
The euro today rallied to new highs in the early European session even as German bond yields hit new tops and the US dollar retreated. However, the EUR/USD currency pair proceeded to give up all its gains as the greenback rebounded amid rising US bond yields and Irish border concerns.
The euro today traded higher against the US dollar following the release of inflation data from across the eurozone in the early European session. The EUR/USD currency pair extended its gains in the early American session after the release of US manufacturing data, which missed expectations.
The euro today rallied higher against the US dollar in the early American session following the release of disappointing US inflation data. The EUR/USD currency pair barely reacted when the European Central Bank announced its interest rate decision earlier today, which was in line with expectations.
The euro today rallied higher against the US dollar following the release of disappointing employment data from the USA in the early American session. The EUR/USD currency pair was trading sideways in the mid-European session following a brief decline during the Asian session largely driven by market sentiment.
The euro today initially fell drastically in the Asian session as concerns regarding the risk of emerging markets contagion triggered a selloff in riskier currencies including the euro. However, the single currency mounted a recovery from the early European session as market fears dissipated and the US dollar retreated from previous highs.
The euro today declined against the US dollar amid growing fears regarding the risks posed by emerging markets and the trade war being spearheaded by the USA. The EUR/USD currency pair fell after the release of weak eurozone inflation figures and the Trump administration’s rejection of the EU’s offer on auto tariffs.
The euro today fell against the US dollar following mixed releases from Germany led by the weak import price index data among others. The EUR/USD currency pair gave up yesterday’s gains that were triggered by positive investor sentiment towards the single currency based on hopes for a Brexit deal.
The euro today fell against the US dollar, which was on a recovery path following yesterday’s selloff that was triggered by the risk-on market sentiment. The EUR/USD currency pair headed lower in the early American session following the release of the US Q2 GDP data, which beat consensus estimates.
The euro today halted its slide against against the US dollar following the release of the upbeat German IFO business survey data in the early European session. The EUR/USD currency pair was under intense selling pressure today as the greenback recovered from Friday’s selloff, which was triggered by the Fed Chair Jerome Powell‘s dovish speech.
