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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, 2019: 1.6%
Global reserve currency
medium
Currency of international trade
weak
Main objective of the European Central Bank is price stability
Safe haven currency
weak
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 higher, boosted by the positive manufacturing PMI prints from across the euro area released by Markit Economics in the early European session. The EUR/USD currency pair also benefitted from the dollar’s overall weakness driven by falling US 10-year Treasury yields and the upbeat investor risk appetite.
The euro rallied against the dollar boosted by some positive releases from the euro area, while some negative macro reports limited the single currency’s gains. The EUR/USD currency pair also benefitted from the drop in US 10-year Treasury yields as investors wait for President Joe Biden’s infrastructure spending plans.
The euro fell to new 2021 lows against the dollar despite the release of upbeat macro reports from across the euro area as investor sentiment remained bearish. The EUR/USD currency pair’s decline was fueled by the dollar’s overall strength buoyed by the rising real US 10-year Treasury yields that lifted the world’s reserve currency.
The euro fell against the dollar for the third consecutive session despite the release of upbeat consumer data from Germany amid weak investor sentiment. The EUR/USD currency pair later extended its losses after the release of upbeat US macro reports, which boosted the greenback at the euro’s expense.
The euro extended its losing streak against the dollar for the second day in a row despite the release of multiple upbeat euro area PMIs by Markit Economics. The EUR/USD currency pair’s decline mimicked the dollar’s rally, which kept rising, ignoring the falling US Treasury yields, as the country considers more stimulus.
The euro fell against the dollar, erasing most of yesterday’s gains after the dovish FOMC rate decision as the dollar recovered, surging higher. The EUR/USD currency pair fell amid a risk-off market environment as investors gravitated towards the higher-yielding dollar while dumping the riskier currencies.
The euro spiked higher against the dollar, triggered by the dovish tone adopted by Fed Chairman Jerome Powell after announcing the bank’s interest rate decision. The EUR/USD currency pair had traded sideways for most of today’s session before the spike higher, as the US Dollar Index crashed, boosting riskier currencies.
The euro rose intraday, boosted by good domestic macroeconomic data. Despite that, the currency has been retreating during the time of writing, trimming gains against some of its rivals and losing them outright versus others.
The euro fell against the dollar fueled by the negative investor sentiment following dovish comments from an ECB policymaker regarding rising European yields. The EUR/USD currency pair’s rally was further driven by the surge in US Treasury yields as bonds sold off following the signing of the $1.9 trillion US stimulus bill.
The euro edged higher against the dollar, reversing a four-day losing streak boosted by the positive investor sentiment and falling US Treasury yields. The EUR/USD currency pair rallied higher, fueled by the positive German trade data combined with the dollar’s overall weakness, adding to the pair’s gains.
