Created
: 2025.03.17
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
ECB's Villeroy: Euro should take on a more important role internationally
World FX news
Breaking news
ECB's Villeroy: Euro should take on a more important role internationally
New
2025.03.17 09:47
2025.03.17 09:47
2025.03.17 09:47
European Central Bank Governing Council member and Governor of the Banque de France, Francois Villeroy de Galhau, said over the weekend that the Euro should take on a more important role internationally.
Key quotes
The Euro should take on a more important role internationally.
Europe needs to "build a powerful savings and investment union, capable of attracting international investors to our currency.
Market reaction
At the time of press, the EUR/USD pair was down 0.01% on the day at 1.0876.
Euro FAQs
The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB's primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates - or the expectation of higher rates - will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB's 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone's economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Last updated
: 2025.03.17
Related articles
EUR/USD Price Analysis: Falls toward 1.0800 after breaking below nine-day EMA
39 minutes agoFX option expiries for Mar 21 NY cut
2025.03.21 13:54USD/CAD edges higher to near 1.4350 amid weakening investor sentiment
2025.03.21 13:43NZD/USD remains depressed around mid-0.5700s amid mildly positive USD
2025.03.21 13:39India Gold price today: Gold falls, according to FXStreet data
2025.03.21 13:35US President Trump: If Fed would do the right thing and lower interest rates, that would be great
2025.03.21 13:03
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
EUR/USD Price Analysis: Falls toward 1.0800 after breaking below nine-day EMA
The EUR/USD continues its decline for the third consecutive session, hovering around 1.0830 during Friday's Asian trading hours.
New
2025.03.21 14:45Silver Price Forecast: XAG/USD flirts with weekly low, just above $33.00 mark
Silver (XAG/USD) attracts some sellers for the third successive day on Friday and slides to the $33.00 neighborhood during the Asian session, back closer to a one-week low touched the previous day.
New
2025.03.21 14:26FX option expiries for Mar 21 NY cut
FX option expiries for Mar 21 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.03.21 13:54USD/CAD edges higher to near 1.4350 amid weakening investor sentiment
USD/CAD attempts to recover from recent losses, trading around 1.4330 during Asian hours on Friday.
New
2025.03.21 13:43NZD/USD remains depressed around mid-0.5700s amid mildly positive USD
The NZD/USD pair struggles to capitalize on the overnight bounce from the 0.5725-0.5720 area and attracts fresh sellers during the Asian session on Friday.
New
2025.03.21 13:39India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
New
2025.03.21 13:35Gold price slides back closer to the overnight swing low amid modest USD uptick
Gold price (XAU/USD) meets with a fresh supply during the Asian session on Friday and slides to the $3,030 area in the last hour, back closer to the overnight swing low.
New
2025.03.21 13:11US President Trump: If Fed would do the right thing and lower interest rates, that would be great
US President Donald Trump reiterated on Friday that he wants the US Federal Reserve (Fed) to cut interest rates.
New
2025.03.21 13:03WTI remains stable above $68.00, poises for a second straight weekly gain
West Texas Intermediate (WTI) Oil price holds ground for the third successive session, trading around $68.30 per barrel during Asian hours on Friday.
New
2025.03.21 12:55USD/INR remains subdued despite stronger US Dollar, rising Oil prices
The Indian Rupee (INR) remains stable against the US Dollar (USD) during the Asian trading hours on Friday, with USD/INR holding near a seven-week low of 86.20, recorded on Thursday.
New
2025.03.21 11:49Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
