LIVE FOREX CHART >>

 


Author Topic: The euro exchange rate  (Read 181 times)

FXshooting

  • Administrator
  • Hero Member
  • *****
  • Posts: 1785
    • View Profile
The euro exchange rate
« on: August 28, 2018, 11:34:03 pm »
The euro exchange rate

The euro (EUR) is the official currency of the eurozone, which includes Germany, Austria, France, Italy, Spain, Portugal, Ireland, Belgium, the Netherlands, Luxembourg, Malta, Slovakia, Slovenia, Finland, Greece, and Cyprus. The euro is also a currency unit in 9 countries 7 of which are situated in Europe. Initially, the euro was planned to be the common currency for the European Economic Community. It was introduced in 1999 to replace the European Currency Unit ECU. Today, it is the world’s reserve currency along with the US dollar. The European Union is one of the world’s three most powerful economic forces. According to the latest data, the euro is one of the most traded currencies on Forex. It is used in more than 40% of all deals. The main factors affecting the European currency rate are the following:

- The eurozone macroeconomic indicators
- Manufacturing production data
- GDP data
- Money supply Consumer price index
- International trading data
- Employment data
- Ifo data (Ifo Institute for Economic Research at the University of Munich)
- The US dollar rate fluctuation

However, the European Central Bank has the most significant influence on the euro. The ECB implements and maintains the monetary policy in the European Union. It also executes foreign exchange transactions, keeps and manages the official foreign reserves of the member states. Thus, the announcements of the ECB’s representatives have positive or negative impact on the euro. That is why, while trading the currencies paired with the euro, traders keep finger on the pulse of the news releases.


Ref. mt5

https://www.fxshooting.com

Share on Facebook Share on Twitter


 







Pay For Premium Forex Signals FXSHOOTING

Payment Premium Signals

 



NEWS & ANALYSIS VIDEO



 










InstaForex



   


Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Cryptocurrencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and cryptocurrencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.