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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 Struggles After Breaking Through 1.3800 Level Earlier

Euro is struggling right now, attempting to maintain its earlier strength. With expectations that the next Fed policy statement will continue to put off the taper, the euro gained, breaking through the 1.3800 level. However, the euro has since fallen back and is now down since the open.

Euro Flat as German Business Climate Disappoints

The euro was flat today as a report from Germany disappointed Forex market participants, causing speculations that the recovery of the euro-region is still in danger and the recent strong rally of the shared 17-nation currency was unwarranted.

Euro Continues to Gain Ground

Even with the latest drop in the PMI, the euro is still surging in Forex trading. Indeed, the 17-nation currency continues to defy expectations and move higher as risk appetite improves and Forex traders become more confident about the eurozone economy.

Euro Looks for Direction After Consumer Confidence Report

Eurozone consumer confidence came in below expectations for October, but it is still at its best since July 2011. Risk appetite is a little shaky today, and there are still questions about the sustainability of the eurozone’s economic recovery.

Euro Surges with Risk Appetite

Euro is surging today as risk appetite returns to the markets with the release of US payroll data. With the data for September showing modest improvement, and with the numbers for August revised higher, a surge of interest in risk assets is helping high beta currencies like the euro.

Could the Euro be a Haven from the US Dollar?

Euro is slightly lower against the US dollar right now, but that doesn’t mean some sort of strength isn’t there. Indeed, with concerns about what crisis mongering will do to the US economy, some believe that the euro could act as a haven from the US dollar.

Euro Hits 1.3700 Level Against Greenback Before Falling Back

Euro is higher today, reaching levels not seen since early in the year. Euro actually broke through the 1.3700 level against the US dollar to reach a session high of 1.3705. Since then the euro has eased back a bit, but it is still showing strength as the US dollar shows weakness.

Euro Gains on US News, but Focus Shifts to Austerity

Euro is surging on the news that lawmakers in the United States have come to an agreement to end the shutdown and avert a default. Risk appetite has returned to the markets as Forex traders greet the news with enthusiasm. However, with the some of the attention off politics in the United States, some focus is returning to eurozone austerity.

ZEW Rises on Euro Outlook

Euro might struggling a little bit against the greenback still, but the 17-nation currency is hoping to see some improvement in the near future. The latest ZEW reading is at its highest point since April 2010, prompting hopes in a possible economic recovery for the eurozone.

Euro Shows Mixed Performance

The euro was mixed today as traders wait for news from the United States concerning the debt ceiling debate. Data from Europe was mostly good, though some economic indicators might be considered worrying.