Euro (EUR) perpetual market

The euro is the official currency of the eurozone, the group of European Union member states that have adopted it, and after the US dollar it is the world's second most traded and second most held reserve currency. Introduced for electronic and accounting use in 1999 and as physical cash in 2002, it replaced national currencies such as the Deutsche Mark and French franc and is managed by the European Central Bank, which sets monetary policy for the whole bloc. In currency markets the euro is quoted most heavily against the dollar, and EUR/USD is the single most traded pair in the world, so it serves as a core barometer of relative strength between the US and European economies. Its value moves with the interest-rate decisions of the European Central Bank and the Federal Reserve, growth and inflation differences, and political developments across the many countries that share the single currency.