Live Forex news from all over the world.
Euro EUR
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%
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 rallied today after the release of positive economic sentiment figures for Germany as well as the whole eurozone. But economists are worried that the eurozone economy is still extremely vulnerable and the improvement of the sentiment does not reflect the underline strength of the economic activity.
The euro today spiked higher after the European Central Bank cut its deposit rate by 0.10% as expected before quickly reversing direction and crashing to new weekly lows. The EUR/USD currency pair had attempted to rally higher after the release of Germany’s consumer price index data earlier today given that the print met expectations.
The euro today fell drastically against the US dollar after having traded sideways for the past two sessions as investors anticipate a rate cut at tomorrow’s ECB meeting. The EUR/USD currency pair fell for the better part of today’s session even as the empty European docket meant that there were no fundamental releases to boost the single currency.
The euro fell a bit versus some rivals but was about flat versus most of them on Tuesday. That was a surprisingly good performance considering that eurozone macroeconomic data released during Tuesday’s session was universally bad. The monetary policy outlook was also negative for the currency.
The euro rallied against most major currencies today. Some analysts attributed the rally to reports that Germany plans to stimulate its economies. Others pointed at today’s positive data as the main catalysts of the euro’s advance. The rally may be short-lived, though, as most market participants are not bullish on the euro ahead of this week’s European Central Bank monetary policy meeting.
The euro today rallied from its daily lows after the release of the disappointing US non-farm payrolls report in the early American session. The EUR/USD currency pair had been under intense selling pressure following the release of weak German industrial production data earlier today.
The euro today crashed from its daily highs in the American session following the release of the upbeat US ISM non-manufacturing PMI among other positive US releases. The EUR/USD currency pair had rallied to its daily highs in the early European session driven by the news that US-China trade talks are set to resume next month.
The euro today rallied higher following comments made by Christine Lagarde who has been nominated to head the European Central Bank. The EUR/USD currency pair today extended yesterday’s recovery as the US dollar remained on the back foot due to weak American releases.
The euro remained soft today as the eurozone economy continued to look not that hot, with economic data pointing at weakness.
The euro was little changed for the most part on Monday. While the currency fell versus some of its rivals, it managed to gain on the Great Britain pound. Overall, the euro’s performance was fairly good considering that manufacturing indices were rather bad in the most regions of the eurozone, except for France, as well as in the whole eurozone itself.
