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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, 2017: 1.5%

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 Rallies on Draghi Speech, Later Declines on Eurozone CPI Data

The euro inched higher against the US dollar in the Asian session and jumped higher in the early European session after Mario Draghi’s mostly hawkish speech in Frankfurt. The euro then headed lower against the greenback following the release of the latest eurozone CPI data, which was in-line with expectations.

Euro Falls on Weak German GDP Growth as Italian Crisis Persists

The euro today fell significantly against the US dollar following the release of weak German GDP growth data in the early European session. The single currency’s decline was further accelerated by the risk-off market sentiment as investors waited for the resolution of the ongoing Italian budget crisis.

Euro Rallies Higher on Positive Sentiment Amid Italy’s Defiance

The euro today rallied higher against the US dollar driven by positive market sentiment backed by investors’ expectations of a future US-China trade deal. However, the single currency’s rally was significantly hampered by the ongoing standoff between the EU and Italy regarding its 2019 budget plans.

Euro Soft on Continuing Clash Over Italy’s Budget, Fed’s Hawkish Stance

The euro traded lower against most of its major rivals today, though managed to gain on the Great Britain pound, which itself was very soft. The shared 19-nation currency was heading to end week either flat, losing earlier gains, or lower versus its most-traded peers.

EUR/USD Pair Drops From 2-Week Highs Ahead of FOMC Rate Decision

The EUR/USD currency pair today dropped from yesterday’s 2-week highs as investors looked past the results of the US midterm elections triggering a slight recovery by the greenback. The pair’s performance was largely driven by positive investor sentiment towards the greenback, which kept the pair trading in a subdued range.

Euro Rallies Against US Dollar on Split US Midterm Election Results

The euro today rallied to new 2-week highs against the US dollar following the results of the US midterm elections, which led to a split congress as had been predicted by most pundits. The euro was further boosted by positive macro releases from across the euro area such as the German industrial production data for September.

Euro Trades Flat Despite Upbeat PMI Data Ahead of US Midterm Elections

The euro today largely traded sideways against the US dollar alternating between gains and losses as markets awaited the results of today’s US midterm elections. The euro failed to rally significantly following the release of several positive PMI prints from across the euro area by Markit Economics, instead, it headed lower driven by negative sentiment.

Euro Pares Losses Despite ECB Reports, Eurozone Data

The euro is trading higher at the end of the Friday trading session, paring earlier losses that sent the currency lower by as much as 0.3%. The euro took a hit when it was reported the central bank might be considering long-term bank loans, and it is still reeling from the disappointing economic data.

Euro Drops Further Driven by Political Uncertainty and Weak Data

The euro today fell to new lows last seen in mid-August against the US dollar as the political uncertainty in key eurozone countries such as Germany and Italy weighed on the single currency. The release of mixed macro data from the euro area combined with the strong employment data from the USA also added to the selling pressure on the euro.

Euro Falls on Weak Eurozone GDP Growth Data, Later Recovers

The euro today fell to new lows against the US dollar following the release of disappointing GDP growth data from across the eurozone. The pair later recovered slightly during the early American session as investors awaited US consumer data.

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