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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, 2018: 1.8%

Supporting Factors

Global reserve currency

medium

Currency of international trade

weak

Main objective of the European Central Bank is price stability

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

Euro Falls on ECB Rate Decision and Dovish ECB Strategic Review

The euro today crashed to new monthly lows against the US dollar after the European Central Bank announced its rate decision and strategic review. The EUR/USD currency pair today fell to lows last seen on 2nd December 2019 amid a risk-averse market environment that saw most European equity indices close the day lower.

Euro Struggles to Rally Amid Davos Forum and Coronavirus Threat

The euro today struggled to rally against the US dollar as the World Economic Forum drags on in Davos, Switzerland. The EUR/USD currency pair today fell to new 2020 lows before recouping its losses as investors grappled with the emerging risk posed by the Coronavirus.

Euro Falls to 3-Week Lows Against the Dollar Despite US Holiday

The euro today fell to new 3-week lows against the US dollar even though US markets were closed for the Martin Luther King Jr. holiday. The EUR/USD currency pair attempted to rally but failed to sustain its gains as the European session got underway.

EUR/USD Pair Falls From Daily Highs on Upbeat US Retail Sales

The euro today fell against the US dollar in the American session following the release of upbeat US retail sales data. The EUR/USD currency pair fell from its daily highs giving up all the gains made earlier in the session as the Dollar Index soared.

Euro Rallies on Trade Deal Optimism and Hawkish ECB Strategic Review

The euro today rallied higher against the US dollar driven by upbeat investor risk sentiment in anticipation of the US-China phase one trade deal signing later today. The EUR/USD currency pair’s rally was also spurred by investor expectations that the European Central Bank could turn hawkish in the medium-term after a strategic review.

Euro Falls on Trade Headlines and US CPI Amid Empty European Dockets

The euro today fell against the US dollar driven by a lack of macro releases from across the euro area and the resurgent greenback. The EUR/USD currency pair later rallied from its daily lows despite the release of mostly in-line US inflation data in the American session.

Euro Range-Bound as Selling Pressure Abates Despite USD Strength

The euro today traded sideways against the US dollar as the selling pressure abated as investors reacted to the calming of tensions between the US and Iran. The EUR/USD currency pair today attempted to rally unsuccessfully and was mostly stuck in slightly negative territory for most of today’s session despite upbeat German industrial data.

Euro Falls to 7-Day Lows on Depressed Market Risk Sentiment

The euro today fell to new weekly lows against the US dollar as the risk-off market sentiment persisted after Iran attacked US bases in Iraq. The EUR/USD currency pair’s decline was accelerated further by the release of weak data from the euro area earlier today.

Euro Falls on Middle East Tensions, Ignores Upbeat Eurozone Data

The euro today fell against the much stronger US dollar amid heightened political tensions in the Middle East as investors bought the safe-haven greenback. The EUR/USD currency pair was on a downward spiral from the start of the session ignoring upbeat eurozone releases, which accelerated after the release of upbeat US data.

Euro Rallies on German Retail Sales and Euro Area PMIs, Later Falls

The euro today rallied higher against the US dollar in the early European session following the release of upbeat German retail sales data and euro area PMIs. The EUR/USD currency pair later fell as the greenback rallied amid rising US-Iran tensions and the release of upbeat US PMI data by Markit Economics.

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