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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 Weakens Against US Dollar on Mixed US and Eurozone Data

The EUR/USD currency pair was on a downward trend for most of today’s session as investors shift their buying focus from the euro to the US dollar. The release of the US ISM manufacturing data for June also pushed the currency pair lower as it exceeded market expectations, which supported the US dollar’s rally.

EUR/USD Maintains Losses After Release of Positive US Data

The EUR/USD currency pair today maintained the losses it accumulated during the early European session despite the release of positive US data in the North American session. The currency pair was under intense selling pressure from the beginning of today’s session, but did not decline significantly after the release of positive US personal income data.

Euro Declines Against US Dollar Despite Positive German CPI Data

The euro today declined against the US dollar despite the release of positive German CPI data as the US dollar rallied higher. The EUR/USD currency pair decline was further exacerbated by the release of positive US GDP data mid-European session.

Euro Extends Rally Even as ECB Tries to Downplay QE Tapering Expectations

The euro rallied today even as officials from the European Central Bank tried to downplay yesterday’s comments from Mario Draghi, which markets considered to be hawkish. The currency fell against the US dollar intraday, but the drop was short-lived. The euro was unable to beat the very strong Great Britain pound.

Euro Surges in Wake of Draghi Comments on Inflation and Growth Sustainability

The euro surged against the US dollar and the British pound following comments from European Central Bank President Mario Draghi earlier today. Draghi’s remarks reflected a bullish assessment of the recovery in the European Union and revealed confidence in the road ahead for the monetary policy of the region.

Euro Stable After Release of European PMIs

The euro was stable today after the release of Purchasing Managers’ Indexes from Markit Economics.

EUR/USD Trades in a Tight Range Despite Positive Eurozone Economic Bulletin

The EUR/USD currency pair today traded in a tight range despite the positive economic report released by European Central Bank during the European session. The US dollar was also flat during today’s session as tracked by the US Dollar Index, which was trading below its opening price of 97.55 for most of the day’s session.

Euro Falls vs. Majors, Beats Vulnerable Pound

The euro fell against most of its major peers today, though managed to gain on the Great Britain pound, which was weakened by the comment’s from the British central bank’s chief.

EUR/USD Trades in a Narrow Range on Empty Dockets

The EUR/USD currency pair today traded in a tight range with minimal movement given the empty US and EU dockets. There were no major factors that could influence the direction of the currency pair, however, the US dollar strengthened against the euro later in today’s session.

Euro Loses Ground Against the US Dollar on Dovish ECB and UK Election Results

The euro today lost significant ground against the US dollar to test new lows for the third day in a row after yesterday’s dovish outlook from the European Central Bank. The currency pair’s decline was also caused by the stronger US dollar after yesterday’s UK general election, which resulted in a hung parliament, as no party won a majority.