Thread: Forex Currency

The Euro (EUR) is the currency of the Eurozone, which consists of 15 member states. With over €610 billion in circulation as of December 2006, the Euro has exceeded the US dollar in terms of total cash in circulation. The value of the Euro has been affected by factors such as unstable growth rates and unemployment. The next most common FX currency is the Great British Pound (GBP), or Pound Sterling. Its popularity has been severely affected by the rising popularity of the US dollar. The Great British Pound is traded heavily against the Euro and the US dollar. This currency is also called "cable," as it was the first currency to be traded in the forex market

While the Euro's popularity and purchasing power have significantly increased over the last decade or so, it's important to look at the current financial situation. With so many countries like Greece and Ireland requiring huge amounts of bailouts in the forms of loans, I don't foresee the Euro being a viable currency over the next decade.
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