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Forex Euro

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Forex Euro



The Euro is the official currency in many countries of the so-called Eurozone (Germany, Austria, France, Italy, Spain, Portugal, Ireland, Belgium, Netherlands, Luxembourg, Malta, Slovakia, Slovenia, Finland, Greece and Cyprus). Of course, the Euro is freely convert and in other countries. The eurocurrency use 7 European countries and some countries that are not members of the European Union. Thus, the Euro is used by more than 500 million people in the world. The original idea was to use the Euro as the single currency of the common market (EEC), so it was replaced ECU - conditional unit of the EEC.

According to data for 2006, in the form of cash, the currency was used in the amount of 610 billion euros. Thus, the Euro is on the 2nd place at the 1st proudly USD. And the dollar and the Euro are the world's reserve currencies.


Pair Forex Euro dollar actively bought and sold on the stock exchange, accounting for almost half of all transactions during the European and American sessions. About 40% of daily turnover on the Forex committed with the participation of Euro.


Since 2001 index Euro (EUR), which characterizes the fluctuations of the Euro against 5 other currencies (USD, GBP, JPY, CHF and SEK), is constantly increasing, except perhaps for the last 6 months. This is due primarily to the debt problems of the Eurozone. The maximum historical extremes for the Euro against the us dollar are 0,8225 (minimum, 2001) and 1,6038 (maximum, 2008).


The catalyst the Euro Forex the value of the U.S. dollar. With the weakening of the “bucks” the Euro will strengthen and Vice versa. The second important factor influencing the Euro Forex - current state of the economy of EU countries.


This year will host the football championship “Euro-2012”, which will undoubtedly have a significant impact on the current the Euro Forex. Another, more important factor is the debt of several European countries, primarily Greece, Spain and Italy. If you can solve the problem of “low blood” and to compensate for the budget deficit problem countries, Forex Euro against the dollar will be greatly strengthened, allowing traders to make good money. The opinions of well-known analysts, of course, is to listen, but the final decision is ours to make. Wait for important news, determine the trend and go!


Remember that the profitability of trade is highly dependent on your chosen broker!



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