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EUR (Euro)

The Euro is the 2nd most popular reserve currency in the world, behind only the US Dollar; and it is also the 2nd most commonly traded currency in the world. In March of 2013, with nearly €920 Billion in circulation, the EUR became the most circulated currency in the world.

EUR News and Analysis

BoJ Jumps the Shark as JPY Implodes on Surprise Easing
USDJPY exploded through ¥111.60 earlier. What is the Bank of Japan doing to the Yen?
EUR/USD Remains At Risk With Bearish Engulfing Pattern In Tow
EUR/USD’s woes may be set to continue after a Bearish Engulfing formation was left in its wake.
Euro May Look Past CPI Data, NZ Dollar Down on Building Permits Drop
The Euro may overlook October’s CPI data considering its limited impact on near-term ECB policy. The Kiwi Dollar fell after a soft Building Permits report.
EUR/USD Technical Analysis: Bounce Hinted Above 1.25 Mark
EUR/GBP Technical Analysis: Conflicting Chart Signals Persist
EUR/JPY Technical Analysis: Rally Stalling Near 138.00 Mark
EUR/USD 1.2700 is Resistance Now
US Dollar Forecast to Rally Further, but Why Have Risks Grown?
The US Dollar remains in position to strengthen further versus the Euro, Sterling, and Yen. But why might momentum slow and what are the risks?
Euro Forecast to Depreciate Further versus Dollar
The Euro remains in a choppy trading range against the US Dollar, but a recent shift in retail FX trader sentiment warns it may test fresh lows through the days ahead.
Dollar Charges to Multi Week Highs on Strong US GDP Data
This morning’s top economic data generates puzzling price action after an initial bullish dollar.

Euro Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Oct 27
EUR ECB Announces Covered Bond Purchase
Oct 30
EUR German Unemployment Change (OCT) -22k 4K 9K
EUR German Unemployment Rate s.a. (OCT) 6.7% 6.7% 6.7%
EUR German Consumer Price Index - EU Harmonised (YoY) (OCT P) 0.7% 0.9% 0.8%
EUR German Consumer Price Index (YoY) (OCT P) 0.8% 0.9% 0.8%
Oct 31
EUR Euro-Zone Consumer Price Index - Core (YoY) (OCT A) 0.8% 0.8%
EUR Euro-Zone Consumer Price Index Estimate (YoY) (OCT) 0.4% 0.4% 0.3%

The Euro is the official currency of the Eurozone, which consists of 17 of the 28 member states of the European Union. An additional five European countries employ the Euro, and 175 Million people use currencies pegged to the Euro for a total of over 500,000,000 using Euros or Euro-pegged currencies.

The Euro came into existence on January 1, 1999 as an accounting currency; and entered circulation on January 1, 2002. Since then, it has experienced quite the ride facing a low of .8252 against the US Dollar and a high of 1.6038.

The 2009 European Debt Crisis has brought considerable volatility to currency markets, especially the Euro. Continuing economic concerns in Eurozone nations such as Spain, Portugal, Greece, Italy, and Ireland make for a very opaque picture of future prospects in the Super-National economy. The European Central Bank is tasked with the prospect of managing monetary policy for the 17 member states, which can often present conflicting economic data points.

The large roles of Germany, France, Italy, and Spain mean that these economies can carry a heightened importance in the trading activity of the currency.