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Euro EUR

 

Detailed information and fundamental factors

Central Bank: European Central Bank

Public Debt to GDP Ratio, 2014: 86.8%

Trade Balance, 2015: $0.173 bln.

Inflation, 2015: 0.1%

Supporting Factors

Global reserve currency

medium

Currency of international trade

weak

Main objective of the European Central Bank is price stability

Factors of Weakness

Fiscal troubles of the member-countries

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 Down After Economic Sentiment Disappoints

The euro fell against the US dollar today after the economic sentiment indicators for Germany and the whole eurozone disappointed. The currency fared better against most other rivals, even gaining on the vulnerable Great Britain pound.

Euro Declines Against US Dollar on Dovish ECB Minutes

The euro today declined against the US dollar after the release of the European Central Bank‘s minutes of their monetary policy meeting, which outlined a dovish stance. The US dollar was stronger against the euro due to the high buying interest in the greenback as tracked by the US Dollar Index, which hit new highs in today’s session.

EUR/USD Hits New Daily Lows Despite Strong German GDP Data

The EUR/USD currency pair today hit new session lows despite the release of strong German GDP data by the Federal Statistical Office. The currency pair was under intense selling pressure for the second consecutive session given the strong US dollar.

EUR/USD Rallies Briefly Post US Jobless Claims and PPI Data

The EUR/USD currency pair today rallied higher briefly after the release of negative US weekly jobless claims data by the US Department of Labor. The currency pair’s rally was also due to US dollar weakness precipitated by the disappointing US producer price index data, which was also released today, but fell short of expectations.

EUR/USD Trades Sideways on Weak German Trade Balance Data

The EUR/USD currency pair today traded sideways for most of the European session as the markets reacted to empty dockets both in Europe and the United States. The release of the German trade balance data late in the Asian session did not provide any impetus to the single currency as the pair continued to trade sideways.

Euro Little Changed as Data Mixed, Traders Wait for NFP

The euro was little changed during the current trading session as economic data released in the eurozone was mixed. Besides, traders were cautious of adding positions ahead of US nonfarm payrolls due to release later today.

Euro Rallies Higher Against US Dollar on Weak US ISM Data

The euro today rallied higher against the US dollar after the release of weak US ISM Services/Non-Manufacturing Composite data during the North American session. The EUR/USD currency pair was largely trading sideways during most of the European session due to the release of mixed Markit data from the Eurozone.

Euro Gains Against US Dollar on Positive EU PPI and Weak US ADP Reports

The euro today rallied higher against the US dollar after the release of positive EU producer price index data by Eurostat. The EUR/USD pair rallied higher after the release of the US ADP employment report, which was below expectations.

Euro Slips Against Major Peers as Lackluster Business Activity Outweighs Robust Economic Growth

The euro slipped against the British pound and the US dollar on Tuesday, as a number of disappointing readings for business activity within the euro zone lead the shared currency lower. The euro’s losses were partly offset in the wake of a report that showed robust economic growth in the European Union during the previous quarter.

Euro Gains as Unemployment Rate and Core Inflation Beat Estimates

The euro moved higher against the US dollar on Monday to begin the week on a positive note, following the release of surprisingly positive retail sales in Germany and higher than expected core inflation rate in the euro area. The shared currency had moderate gains against the British pound today, supported by a report that revealed a lower unemployment rate than forecasted last month.

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