Euro Strength
The Euro sits at the bottom of the eight majors with a score of -40. Positioning is a clear headwind — speculative futures traders are heavily net-short the Euro, among the most bearish readings in years. That adds selling pressure, though such crowded shorts can snap back quickly. On a valuation basis, it looks cheap versus its own one-year range, which may help cushion the downside from here.
What's driving it
The interest-rate pillar here is built from the 10-year government bond yield only — a live policy/short-term rate wasn't available, so it reflects the term premium rather than the central-bank rate.
Historic Macro Strength Trend
EUR vs the other majors
Strength gap — click for the full pairAll currencies
Click any currency to see its full breakdownResearch on EUR
EUR strength — frequently asked
Is the Euro (EUR) strong or weak right now?
As of the latest update, the Euro scores -40 on PIPTHEORY's macro currency strength meter (Slightly Weak), ranking #8 of the 8 major currencies. The score refreshes every 4 hours.
What drives the Euro?
PIPTHEORY scores the Euro across five macro factors: interest rates, economic growth, speculative positioning, risk sentiment and commodity exposure. The 'What's driving it' breakdown above shows how each factor is contributing now.
How is EUR currency strength measured?
Each currency is scored from -100 (very weak) to +100 (very strong) relative to the other majors, using a mechanical model. The same inputs always produce the same score, so the reading never contradicts itself from one day to the next.
How often is the EUR strength score updated?
Every four hours, as fresh central-bank, economic and market data is released.