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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

Ukraine Difficulties Erode Eurozone Confidence

The situation in Ukraine continues to deteriorate, and that is impacting confidence across the eurozone. The pessimism starting to rise in the 18-nation currency region is impacting the euro, and sending it lower against some of its counterparts.

Euro Recovers From Earlier Losses

Euro is recovering from earlier losses today, eking out gains even after the latest German inflation data. Some Forex traders are waiting to analyze comments by Mario Draghi, and others are waiting to see what impact US data will have on the Forex market.

Euro Dips on QE Talks

The euro dipped today as policy makers continued to talk about possible quantitative easing program that should boost the struggling economy of the European Union. This stance contrasts to the tightening bias of central bankers in the United States and Great Britain.

Euro Falls on Talk of Negative Interest Rates

Once again, ECB officials are talking about the possibility of negative interest rates to help boost the eurozone economy. As a result, the euro is heading lower against its major counterparts, even hitting a multi-week low against the US dollar.

Slow Growth Drags Euro Lower

Euro is dragging today, heading lower as slower growth in the eurozone hurts performance. The German data was disappointing, and as was a PMI reading for the entire eurozone. With the dollar firming, thanks to the latest out of the Federal Reserve, it’s no surprise that the euro is struggling.

Euro Recovers Thanks to Account Surplus

Euro is recovering from its recent lows today, thanks in large part to a currency account surplus in the eurozone. For the first time in three days the 18-nation currency is gaining against the US dollar, and the euro is also up against other major counterparts.

Euro Weaker on Expectations

Euro is weaker today, continuing its difficulties as concerns about the eurozone, and as expectations for a stronger US dollar, weigh on the 18-nation currency. The latest Fed expectations, along with changes to the ECB’s forward guidance, are keeping the euro down today.

Worries Grow That ECB Will Have to Ease Soon

The euro continues to struggle a bit today as concerns about what’s next for eurozone monetary policy grow. There is speculation that the ECB will have to ease policy further in order to stimulate the eurozone economy, and that has some worried about what could be next.

Euro Struggles After Trade Data

Euro is struggling a bit today following the release of January’s trade data. The disappointing data is leading to a slightly lower euro, even with the German Constitutional Court upholding the country’s participation in the eurozone bailout fund.

EUR Gains vs. USD & GBP, Unable to Beat JPY

The euro ended today’s trading session with gains against the US dollar as European macroeconomic data was good in contrast to US reports that were disappointing. The currency also gained on the Great Britain pound but was unable to outperform the Japanese yen.

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