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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, 2019: 1.6%

Supporting Factors

Global reserve currency

medium

Currency of international trade

weak

Main objective of the European Central Bank is price stability

Safe haven currency

weak

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 Plunges Against Dollar on Weak Eurozone Trade Balance Data

The euro today fell against the resurgent dollar following yesterday’s speech by Jerome Powell saying that it was too early to consider tapering of the Fed’s bond-buying program. The EUR/USD currency pair’s decline was also supported by the recent dovish comments from European Central Bank officials regarding the euro’s exchange rate.

Euro Falls to 4-Week Lows Against Dollar, Later Recovers to Post Gains

The euro today fell to new 4-week lows against the dollar as investor sentiment towards the single currency remained bearish extending yesterday’s losses. The EUR/USD currency pair’s decline was also fueled by the dovish ECB Governing Council minutes, which raised concerns about the euro’s exchange rate.

Euro Slips Against Dollar on Dovish ECB Speeches, Risk-Off Sentiment

The euro today fell against the dollar despite the release of multiple upbeat macro prints from across the euro area as investors risk appetite remained muted. The EUR/USD currency pair was also weighed down by dovish comments from European Central Bank policymakers regarding the euro’s strength.

Euro Edges Higher Against Dollar Reversing 3-Day Slump on Upbeat Mood

The euro today inched higher against the US dollar reversing a 3-day downtrend fueled by the positive investor sentiment but posted slight gains. The EUR/USD currency pair ended up trading largely sideways albeit with a bullish bias amid rising coronavirus cases as euro area countries extend lockdowns.

EUR/USD Declines Despite Improving Investor Confidence in Eurozone

The EUR/USD pair declined today, falling for the third trading session in a row, despite the improving investor confidence in the eurozone. The euro fared far better against other major rivals, though.

Euro Heads to End Friday Weakest Despite Decent Macro Indicators

The euro was heading to end Friday as the weakest major currency on the Forex market. The shared 19-nation currency fell even against the US dollar, despite rising initially after the release of terrible US nonfarm payrolls. At the same time, the euro is currently trying to rebound versus the New Zealand dollar.

Euro Falls Against Resurgent Dollar on Weak Inflation and Retail Sales Data

Today, the euro fell against the resurgent dollar amid rising US Treasury yields that boosted the world’s reserve currency despite the turbulent American politics. The EUR/USD currency pair’s decline was also fueled by the disappointing inflation data coming out of the eurozone, causing investors to sell the euro.

Euro Rallies on Upbeat Sentiment, Later Falls on Weak German Inflation

The euro today initially dipped against the dollar as Democrats took the lead in the Georgia Senate runoff elections, which could lead to a shift in US corporate laws. The EUR/USD currency pair later rallied as investor sentiment improved despite IHS Markit releasing several disappointing PMI prints from across the euro area.

Euro Rallies As Investors Turn Bullish on US Data, Georgia Election

The euro today rallied higher against the dollar during the American session boosted by positive US releases, a weak dollar and bullish investor sentiment. The EUR/USD currency pair had traded in a tight range earlier in the day despite positive euro area releases including the upbeat German retail data.

Euro Falls Against Dollar on New Year’s Eve, but Its Still Up 8.9% in 2020

Today, the euro fell against the dollar on the last day of 2020 reversing a 3-day winning streak as traders took profit on their bullish positions amid thin trading conditions. The EUR/USD is still on track to close the year up 9% having printed a yearly high of 1.2310 last hit in April 2018 boosted by the weak dollar and the upbeat investor sentiment.

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