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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 Rallies Against Weak Dollar Driven by Positive Sentiment

The euro today spiked higher against the US dollar in the early American session driven by upbeat investor sentiment even as European equity markets closed lower today. The EUR/USD currency pair today rallied higher boosted by mixed data from the eurozone and the weaker greenback, which saw other major currencies post gains at its expense.

Euro Strengthens As ECB Expands Stimulus Program to $1.5 Trillion

The euro is strengthening against its currency rivals on Thursday after the central bank expanded its pandemic bond-buying initiative by several hundred billion dollars. Policymakers are trying to throw everything at the bearish regional economy to help stop the bleeding and prevent the eurozone from slipping deeper into a recession. Will this be enough to reverse the eurozone market’s downward trend?

Euro Rallies to 2-Month Highs on Positive Euro Area Data, Sentiment

The euro today rallied to new 2-month highs against the US dollar boosted by the improved market risk appetite as most equity markets across the globe rally. The EUR/USD currency pair gains came at the greenback’s expense, which lost ground against other currencies as investor demand for safe-haven assets receded.

Euro Rallies on Upbeat Fundamental Releases From the Euro Area

The euro today rallied higher against the US dollar extending yesterday’s gains following the release of upbeat core inflation data from the eurozone. The EUR/USD currency pair capitalised on positive macro reports from across the euro area combined with the greenback’s overall weakness to inch higher.

Euro Hits 8-Week Highs on Investor Optimism, Later Falls Then Rallies

The euro today rallied to new 8-week highs against the US dollar as the bullish sentiment carried over from yesterday’s rally before reversing course and heading lower. The EUR/USD currency pair later fell amid fears of an escalation in US-China trade tensions that could trigger a new trade war before reversing course and heading higher.

Euro Surges on Massive Stimulus Package to Support Economy

The euro is surging midweek after the European Union announced a monumental €750 billion ($826.5 billion) to support the eurozone economy. The region faces the worst financial crisis since the 1930s, which comes as many trade bloc members already faced anemic growth before the pandemic.

Euro Rallies on Upbeat Sentiment and COVID-19 Vaccine Hopes

The euro today rallied higher against the US dollar breaking out of the sideways trading range it was stuck in yesterday driven by the prevailing risk-on market sentiment. The EUR/USD currency pair rallied higher driven by the prevalent optimism among investors regarding the reopening of European countries and a CVOID-19 vaccine.

Euro Rallies on Upbeat Euro Area PMIs, Falls on Strong US PMIs

The euro today rallied higher against the US dollar earlier today lifted by positive PMI reports from across the euro area released by Markit Economics. The EUR/USD currency pair later fell after the release of positive PMI data from the US amid rising Sino-US tensions.

Euro Rallies on Bullish Sentiment, Mixed Eurozone Inflation Data

The euro today rallied higher against the US dollar driven by positive investor sentiment even as the greenback registered losses across the board. The EUR/USD currency pair rallied higher ignoring the weak eurozone inflation data released earlier today as investors bid up riskier assets.

Euro Spikes Then Falls Against Dollar on Day Full of Macro Releases

The euro today rallied to new daily highs against the US dollar after the release of weak US data, but the single currency later gave up its gains. The EUR/USD currency pair fell after the release of upbeat US consumer sentiment data, which surprised investors causing the pair to sell-off.

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