Created
: 2025.10.17
- 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
EU welcomes Trump-Putin meeting in Hungary
Breaking news
EU welcomes Trump-Putin meeting in Hungary
New
2025.10.17 19:44
2025.10.17 19:44
2025.10.17 19:44
A spokesperson from the European Union (EU) said in the European trading session on Friday that the continent welcome meeting between United States (US) President Donald Trump and Russian leader Vladimir Putin over a ceasefire in Ukraine. The IFX has also confirmed phone call between Russia leader Putting and Hungary Prime Minister (PM) Viktor Orban.
Additional Comments
If a proposed meeting between Trump and Putin helps peace in Ukraine, we welcome it.
We are supporting US President Trump in his efforts.
Russian President Putin is under an asset freeze but not under a travel ban.
Market reaction
EUR/USD remains calm despite increase hopes of a ceasefire between Russia and Ukraine. The major currency pair has surrendered its early gains and trades marginally higher around 1.1700 at the time of writing.
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
: 2025.10.17
Related articles
EUR/USD slips as Trump softens China tariff stance, US Dollar recovers
2025.10.18 05:42Canadian Dollar rebounds as Greenback recedes
2025.10.18 05:35AUD/USD remains steady after Trump tones down China rhetoric, DXY recovers slightly
2025.10.18 03:35USD/JPY strengthens as Trump's softer stance on China boosts US Dollar demand
2025.10.18 02:22BoE's Greene: We should not cut rates every quarter, but rate-cutting cycle not over
2025.10.18 02:07EUR/GBP steady as French political calm supports Euro, UK fiscal issues weigh
2025.10.18 01:52
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 slips as Trump softens China tariff stance, US Dollar recovers
EUR/USD dives 0.17% during the North American session on Friday as the Greenback trims its earlier losses as US President Donald Trump tempered his trade rhetoric on China. The pair trades at around 1.1666 after hitting a daily high of 1.1728.
New
2025.10.18 05:42Canadian Dollar rebounds as Greenback recedes
The Canadian Dollar (CAD) caught a fresh bid on Friday, reclaiming some lost ground against the US Dollar (USD), although the Loonie still remains trapped near six-month lows against the Greenback.
New
2025.10.18 05:35Gold crashes 2% from record high as Trump tempers threats on China
Gold price (XAU/USD) falls 2% after reaching a record high at $4,379 earlier on Friday, tumbles below $4,250, sponsored by US President Donald Trump's comment that triple-digit tariffs on China are unsustainable. At the time of writing, Bullion prices hover at around the $4,230 - $4,240 range.
New
2025.10.18 03:40AUD/USD remains steady after Trump tones down China rhetoric, DXY recovers slightly
The Australian Dollar (AUD) remains well bid against the US Dollar (USD) on Friday, as US President Donald Trump's softer stance on trade with China eases risk sentiment. The Aussie is showing resilience even as the Greenback strengthens, supported by Australia's close trade ties with China.
New
2025.10.18 03:35Dow Jones Industrial Average recovers footing, brushes off regional bank weakness
The Dow Jones Industrial Average (DJIA) found a near-term foothold to wrap up the trading week, rebounding around 260 points from recent lows and fighting to stay on the high side of key moving averages.
New
2025.10.18 03:21USD/JPY strengthens as Trump's softer stance on China boosts US Dollar demand
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Friday, with USD/JPY rebounding after slipping to two-week lows earlier in the Asian session.
New
2025.10.18 02:22BoE's Greene: We should not cut rates every quarter, but rate-cutting cycle not over
Bank of England (BoE) MPC Member Megan Greene spoke about inflation dynamics, the global rate path, and risks in currency markets at the Annual Meetings of the International Monetary Fund and World Bank Group, in Washington, DC.
New
2025.10.18 02:07EUR/GBP steady as French political calm supports Euro, UK fiscal issues weigh
EUR/GBP trades steadily around 0.8700 on Friday at the time of writing, supported by improved political sentiment in France after Prime Minister Sébastien Lecornu survived two no-confidence motions in parliament.
New
2025.10.18 01:52Fed's Musalem:Important for Fed to be cautious right now
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem spoke about at the Institute of International Finance Annual Membership Meeting in Washington, DC.
New
2025.10.18 01:52GBP/USD pulls back towards 1.34 as Trump softens China rhetoric, US Dollar recovers
The GBP/USD retreats on Friday after hitting its highest level in a week of 1.3471 after US President Donald Trump revealed that elevated tariffs on China are not sustainable. Consequently, the Greenback printed gains as reflected by the pair, trading above the 1.34 handle down 0.12%.
New
2025.10.18 00:51Disclaimer:
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
