Euro is trading mixed today, gaining against currencies like the dollar and yen, but falling against the pound. Risk appetite is helping the 19-nation to some degree, but there are still questions about what’s next for the eurozone and Forex traders are considering what the Brexit might mean.
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 is heading lower today, dropping as fallout from the recent Brexit vote continues. Euro is down against its major counterparts, even remaining lower against the UK pound. Another issue weighing on the 19-nation currency has to do with the health of the Italian financial system. With concerns about the system, the euro is struggling.
Euro is dropping today, losing ground against most of its major counterparts as ECB President Mario Draghi warns that recent years might have taken a long-term toll on the economic condition of the 19-nation currency bloc.
Euro is clinging to some of its gains from the end of last week, even after the latest news on German factory orders. Even though the 19-nation currency seems to be holding on for now, there are some downside risks that could impact the euro in the coming days.
Once again the ECB has left things the same, keeping interest rates the same while at the same time staying away from adding more stimulus. Even though the euro briefly touched a recent high against the dollar, the 19-nation currency is now heading lower, thanks in part to concerns about the economy.
Euro is getting a big of a boost today, thanks to an improved economic confidence reading. Stimulus appears to be working to some degree, and many expect the ECB to keep its rates unchanged at the policy meeting later this week.
The euro rose today, extending its rally against the US dollar for the second day. Nevertheless, the currency was heading to a weekly loss against most of its major peers.
The euro fell against most currencies today, including the US dollar and the Swiss franc, though not the Japanese yen. The indicators released during the current trading session showed that the economic sentiment deteriorated sharply this month.
Euro is heading lower today, dropping on disappointing economic data and concerns that the eurozone will see more slowing. Concerns about the various countries in the eurozone are weighing on the 19-nation currency.
Euro is lower today against the dollar and the pound as concerns about the eurozone economy compare unfavorably to better data coming out of the United States and relief out of the United Kingdom. Euro is heading lower as policy divergence becomes more likely.