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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 Drops Despite Improving Economic Sentiment

The euro dropped against its major peers (with the exception of the US dollar) today even though the economic sentiment indicators for Germany and the whole eurozone improved.

EUR/USD Starts the Week on a Decline as French Elections Approach

The EUR/USD currency pair began the day trading under intense pressure, which did not change even with the release of the Eurozone Sentix Investor Confidence index. The weekend release of a poll conducted by Kantar Sofres on the French election indicated that the election was now a four-horse race.

EUR/USD Declines to Close the Week Much Lower Despite Poor NFP Data

The EUR/USD currency pair declined significantly as the euro weakened against the US dollar despite lower-than-expected US non-farm payroll report. The positive German trade balance figures did little to boost the weak euro as the currency pair tested new lows for the month and was on track to close below its opening price this week.

EUR/USD Declines on Dovish ECB and the Release of US Jobless Claims Data

The EUR/USD currency pair has been on a major decline during today’s session following dovish comments from Mario Draghi and the positive US jobless claims data. The release of the minutes of the European Central Bank‘s March meeting also indicated that the bank would be maintaining its forward guidance into the future.

EUR/USD Weakens as Uncertainty Looms over French Elections

The EUR/USD currency pair declined today following the uncertainty surrounding the French presidential election after the second election debate where Marine Le Pen gained against Emmanuel Macron. The pair also traded much lower after the release of the US ADP Employment Change report, which beat expectations and significantly boosted the greenback.

Dovish Stance of ECB Results in Week of Euro Sell-Off

Traders were selling the euro during the past trading week as the European Central Bank suggested that markets interpreted its stance on monetary policy wrongly, believing it to be more hawkish than it actually is.

EUR/USD Declines After the Release of Disappointing German CPI Data

The EUR/USD currency pair today declined after the release of disappointing German CPI data by the Federal Statistical Office amid dovish comments from the European Central Bank. The currency pair’s decline was also triggered by the positive US GDP data released today, which exceeded market expectations.

Euro Retreats as Outlook for ECB Monetary Policy Becomes More Dovish

The euro became weaker against the US dollar and the British pound on Wednesday, following a report that raised expectations of a more dovish stance from the European Central Bank.

EUR/USD Rallies Higher on Positive Eurozone PMI Data and Weak Greenback

The EUR/USD currency pair today rallied higher to hit a 2-day high during the North American session boosted by positive GDP and Markit PMI data from the Eurozone. The currency pair was also affected by the uncertainty surrounding the passing of Donald Trump‘s healthcare bill by the House, which weakened the greenback.

EUR/USD Rallies After Release of the Eurozone’s Current Account Balance

The EUR/USD currency pair rallied briefly earlier today after the release of the Eurozone’s current account balance, which recorded a minimal surplus, by the European Central Bank. The euro was stronger even as the US dollar came under renewed selling pressure during the early North American session.

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