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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 Weak Despite Risk Appetite, Positive Economic Data

Markets were in a risk-on mode on Monday. Usually, positive market sentiment is good for the euro but that was not the case today. The shared 19-nation currency fell against almost all of its most-traded rivals, managing to gain only on safe currencies, which seemed unattractive for traders amid risk appetite. And even then, the euro failed to beat the US dollar, which is considered to be one of the safe-haven currencies.

Euro Rallies Against Dollar As FOMC Holds Rates and Biden Leads

The euro today rallied against the dollar as the vote-counting in the US Presidential election dragged on slowly as both parties went to court. The EUR/USD currency pair gave up some of its gains during the American session as the dollar hit a bottom and edged higher at the New York open.

Euro Rallies Against Dollar as Biden Maintains US Election Lead

The euro today oscillated between gains and losses as US election officials continue to count votes in the tightly-contested US Presidential elections. The EUR/USD currency pair fell earlier today after President Donald Trump threatened to use the Supreme Court to stop vote-counting in some states.

Euro Rallies Against the Dollar As the US Elections Unfold

The euro today rallied to new 5-day highs against the US dollar as the US Presidential election day caused the dollar to selloff against other currencies. The EUR/USD currency pair’s rally was driven by the upbeat market sentiment, which also fueled a rally in the equity markets led by the Dow Jones and Nasdaq.

Euro Mixed amid Fears of Second Lockdown

The euro was mixed today, rising against some currencies and falling versus others. There were plenty of reasons for the currency to fall, though robust macroeconomic data released on Monday was supportive of the shared 19-nation currency.

Euro Trades Sideways Despite Upbeat Euro Area GDP Reports

The euro today initially fell against the US dollar despite the release of positive eurozone GDP data and other GDP reports from across the euro area. The EUR/USD currency pair later rallied higher moving into positive territory boosted by the investor sentiment and the weaker greenback as the US markets opened.

Euro Falls to 5-Week Lows As ECB’s Lagarde Promises More Stimulus

The euro today fell to 5-week lows against the US dollar after the European Central Bank Governor promised to introduce new stimulus measures next month. The EUR/USD currency pair’s decline was also fueled by the introduction of new lockdown measures in many European countries to curb rising COVID-19 cases.

Euro Falls Against Dollar as EU Countries Initiate 2nd Lockdown

The euro today fell against the dollar as eurozone countries initiated fresh lockdown measures to curb the rising coronavirus cases within their borders. The EUR/USD currency pair fell driven by safe-haven flows as investors bought the dollar to hedge against the risks posed by the coronavirus pandemic to the global economy.

Euro Falls on Rising Eurozone COVID-19 Cases, Risk-Off Sentiment

The euro today fell against the US dollar as investors sold the single currency amid rising coronavirus cases within the euro area dampening investor sentiment. The EUR/USD currency pair’s decline was further fueled by the stalemate in the US stimulus talks ahead of next week’s Presidential election as equity markets sold off.

German Consumer Climate Deteriorates, Euro Weaker as Traders Expect Fiscal Stimulus in USA

The euro fell against the US dollar and was trading flat or lower versus other most-traded rivals. Market analysts thought that the euro’s weakness was mostly a result of the dollar’s strength as speculators continue to bet that US politicians will approve fiscal stimulus before the presidential election at the beginning of November. German macroeconomic data was worse than expected but did not have a material impact on the euro, though it […]

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