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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

Euro Consolidates Gains Against US Dollar on Mixed US Data

The euro today consolidated gains made against the US dollar after the release of mixed data from the US docket in the early North American session. The euro declined against the greenback during the Asian session but reversed this trend in the early European session to rally higher.

Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro’s exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session.

Euro Rallies Higher Despite Lack of Major Economic Data

The euro today rallied higher against the US dollar despite the lack of any major economic releases from the Eurozone, while US markets remained closed. The euro’s rally was largely triggered by the aggressive selling of the US dollar across the board.

Euro Rallies Higher on German Coalition Talks Breakthrough

The euro today rallied higher against the US dollar after news emerged that Angela Merkel was finally on the verge of forming a coalition government. The euro extended yesterday’s rally, which was triggered by the hawkish European Central Bank minutes, as the German political headlines ended months of uncertainty.

Euro Rallies Higher on ECB Minutes and Weak US Data

The euro today rallied to new highs against the US dollar after the European Central Bank released the minutes of its last meeting. The single currency rallied much higher during the early North American session after the release of weak US macro data.

Euro Declines Despite Solid German Data as Traders Remain Cautious

The euro fell against the US dollar and the British pound on Tuesday, despite positive economic data in Germany, Europe’s biggest economy. Demand for the shared currency was faint as caution spread between traders as they worried of corrective movements that may follow a rally that lasted for months.

EUR/USD Drops to New Lows Despite Positive Eurozone Data

The EUR/USD currency pair today declined to new lows below the crucial 1.2000 psychological level and was on a track to book the second consecutive losing session this year. The currency pair’s decline was largely triggered by the goodish recovery in the US dollar as investors ignored Friday’s disappointing US jobs data.

Euro Declines Against US Dollar on Weak Eurozone CPI

The euro was on a downtrend against the US dollar for most of the European session having been in a consolidation phase during the Asian session. The single currency’s decline was largely precipitated by the modest recovery in the US dollar demand.

EUR/USD Makes Subdued Recovery on Positive Eurozone PMIs

The EUR/USD currency pair today made a subdued recovery during the early European session after the release of positive Eurozone PMI data. The final December PMIs released by Markit Economics were the main trigger behind the currency pair’s soft rally.

Euro Trades Lower Against US Dollar Ahead of FOMC Minutes

The euro today traded lower against the US dollar amid a broad-based greenback recovery for most of today’s session. The single currency was largely unaffected by the positive German employment data released by the Federal Statistical Office.

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