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Definition
The official currency of the European Union. It was a replacement for the European Currency Unit or ECU.
The euro is one of the major currencies traded on the FX market. Its currency code is EUR.
Euro
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Related Terms
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The European Central Bank (ECB) is the central bank for Europe’s single currency, the euro. Its main task...
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Portugal, officially known as the Portuguese Republic, is a European country located on the Iberian...
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The Economic and Monetary Union (EMU) is an umbrella term for the group of policies aimed at converging the...
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Currency intervention occurs when one central bank or more buys (or sells) a currency in the foreign...
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The European Financial Stability Facility (EFSF) was created by the 27 member European Union as a special...
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