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Euro EUR

 

Detailed information and fundamental factors

Central Bank: European Central Bank

Trade Balance, 2015: $15 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

Euro Attempts to Rally, Remains in Danger from Negative Factors

The euro edged higher against some if its major rivals amid the risk-positive market sentiment and news that France’s left-wing forces failed to unite and present a joint candidate in the presidential race. Still, the currency was not particularly strong as negative factors, which were dragging it down previously, did not go away.

Euro Fails to Profit from Better-Than-Expected Current Account

The was almost flat against some other most-traded currencies (like the Great Britain pound and the Swiss franc) and logged a sharp decline against others (including the US dollar and the Japanese yen).

Euro Goes Down as Economic Data Fails to Meet Expectations

The euro fell against the US dollar today as virtually all economic reports released from the eurozone over the trading session failed to meet market expectations. The shared 19-nation currency also fell against the Swiss franc but fared better versus the Great Britain pound and the Japanese yen.

EUR/USD Remains Bearish Backed by Political Uncertainties

The EUR/USD currency pair exhibited a bearish trend today given the uncertain political environment in Europe and a weaker US dollar. The currency pair changed insignificantly after the US Department of Labor reported that the number of jobless claims had massively declined and beat expectations.

European Assets Look Too Risky, Euro Suffers

The euro fell against the majority of its most-traded counterparts as looming elections in several European countries and concerns about Greece’s debt made investors think that it is too risky to invest into European assets.

EUR Trims Decline vs. USD & GBP, Keeps Losses vs. JPY & CHF

The euro fell against the US dollar and the Great Britain pound on Monday but has trimmed its losses by now. The currency fared worse versus the Swiss franc and the Japanese yen, keeping its big losses.

Euro Soars After Comments from Trump Trade Advisor

The euro gained today on its major counterparts today, soaring 1% against the US dollar, after comments from Peter Navarro, head of US President’s new National Trade Council.

Euro Declines After Release of German CPI Data, but Later Recovers

The euro traded lower against its major competitors today after CPI data from Germany was released at a lower than expected figures. The euro’s performance was also affected by the weakening of other currencies such as the US dollar and the British pound, which minimized its decline, but the currency later recovered.

Euro Drops as Dollar Rallies

The euro dropped against other major currencies (with the exception of the Japanese yen) today as the US dollar staged a recovery.

Euro Recovers from Losses Despite Soft German Business Climate

The euro was soft intraday due to the unexpectedly weak German business climate but has managed to recover and is trading close to its opening level as of now.

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