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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 Hits New Highs Against US Dollar on Weak US Trade Data

The euro today hit new highs against the US dollar after the release of soft US advance goods trade balance data among other releases. The EUR/USD currency pair today reversed a dip that occurred during the mid-European session boosted by falling US Treasury yields.

Euro Rallies Against US Dollar on Positive Investor Sentiment

The euro today rallied higher against the US dollar boosted by positive investor sentiment towards the single currency. The lack of any significant data from the Eurozone economic docket means that the single currency’s rally was not triggered by any fundamental drivers.

German Business Climate Index Misses Expectations, Euro Unfazed

The euro rose against other most-traded currencies today. That was surprising, considering that economic data released in the eurozone today, namely the German business climate, missed expectations.

EUR/USD Rallies After Final Estimate of November CPI

The euro gained on the US dollar today, finding help in domestic macroeconomic data and the weakness of the greenback. The shared 19-nation currency also rallied against the Japanese yen but fell against other most-traded currencies, including the Great Britain pound and the Swiss franc.

Euro Maintains Gains Against US Dollar as Manufacturing Activity Grows in December

The euro maintained its gains against the US dollar on Thursday following a series of data releases that revealed strong activity in the manufacturing sector throughout the European Union. However, the shared currency failed to remain strong against the British pound, which was supported by solid growth in UK retail sales last month.

Euro Struggles to Rally Higher Despite Strong Eurozone GDP Data

The euro today struggled to rally against the US dollar despite the release of robust Eurozone GDP growth data for Q3 2017 in the early European session. The EUR/USD currency pair was weighed down by the higher demand for the US dollar among market participants, which drove the pair lower.

EUR/USD Slumps to New Lows on Mixed Eurozone and ADP Data

The EUR/USD currency pair today slumped to new lows from daily highs set in the late Asian session, despite a raft of positive data from the Eurozone. The release of upbeat German factory orders for the month of October in the early European session could not lift the single currency.

Euro Fails to Sustain Brief Rally Despite Solid Services PMI Data

The euro today failed to sustain its brief rally against the US dollar despite the release of solid Markit Services PMI data from across the Eurozone. The release of the Markit Eurozone Services PMI in the early European session was responsible for the EUR/USD’s brief rally.

Euro Loses Upward Momentum Despite Positive Manufacturing PMIs

The euro today rallied to new highs in the early European session boosted by the release of the positive Markit Italy Manufacturing PMI report. However, the single currency lost its upward momentum soon thereafter to print new daily lows after the release of the Markit Eurozone Manufacturing PMI, which was also above forecasts.

Euro Rallies to New Highs Against US Dollar on PCE Data

The EUR/USD currency pair today rallied to new highs after the release of US Personal Consumption Expenditure report in the early American session. The currency pair had been trending downwards after the release of the Eurozone Consumer Price Index, which was below expectations.