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euro
(redirected from European Currency)

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euro: see European Monetary System European Monetary System, arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabilize foreign exchange and counter inflation among members.
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euro

Single currency of 15 countries of the European Union (EU), including Germany, France, and Italy. It is also the official currency in several areas outside the EU. The euro was adopted as a unit of exchange in January 1999. Those who advocated the currency believed it would strengthen Europe as an economic power, increase international trade, simplify monetary transactions, and lead to pricing equality throughout Europe. Euro currency notes and coins were introduced in January 2002 and became the sole national currency in all participating countries by March 1. Britain and Sweden decided not to adopt the euro immediately, and voters in Denmark rejected it.


euro
the official currency unit, divided into 100 cents, of the member countries of the European Union who have adopted European Monetary Union; these are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portgual, and Spain; also used by Andorra, Bosnia and Hercegovina, French Guiana, Guadeloupe, Kosovo, Martinique, Mayotte, Monaco, Montenegro, R?union, San Marino, and the Vatican City


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dollar fell against the euro and yen Wednesday in Tokyo as continued short-covering in the single European currency reduced demand for the U.
Many experts believe that the stable euro exchange rate will make the single European currency more attractive for investors in times of recession Forex dealers and experts around the globe are debating whether the euro can be considered a safe haven for investors and whether it is good for the euro to maintain its relatively high levels.
The currency also rose against the single European currency, trading at 1.
 
 
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