CurrencyShares Euro Trust ETF
 (FXE)

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  • Thu, Feb. 4, 4:09 AM
    • The risk of acting too late on ultra low inflation is greater than that of acting too early as a wait-and-see stance could lead to a lasting loss of confidence, ECB President Mario Draghi said at a Bundesbank event in Frankfurt.
    • "And if that were to happen, we would need a much more accommodative monetary policy to reverse it," he added. "Seen from that perspective, the risks of acting too late outweigh the risks of acting too early."
    • Euro +0.4% to $1.1159.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Thu, Feb. 4, 4:09 AM | 19 Comments
  • Fri, Jan. 29, 6:40 AM
    • Euro-area inflation accelerated in January, providing a reprieve for European Central Bank officials that may prove temporary as commodity prices continue their descent and emerging markets slow.
    • According to the EU's statistics office, consumer prices rose an annual 0.4%, after a 0.2% gain last month.
    • Economists are still expecting the ECB to press the button on further stimulus as soon as March following a dovish meeting of the central bank last week.
    • Euro -0.2% to $1.0922.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Fri, Jan. 29, 6:40 AM
  • Thu, Jan. 21, 8:38 AM
    | Thu, Jan. 21, 8:38 AM | 28 Comments
  • Tue, Jan. 19, 5:30 AM
    • Eurozone inflation rose slightly to 0.2% in December, in line with expectations, giving a bit of relief for the ECB and its quantitative easing plan.
    • But with disappointing industrial production numbers and slow growth, analysts are questioning whether the central bank could signal more stimulus when it meets this coming week, having sorely disappointed markets last month.
    • Euro -0.2% to $1.0872.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Tue, Jan. 19, 5:30 AM | 1 Comment
  • Fri, Jan. 8, 8:49 AM
    • U.S. stock index futures have added to gains following the strong December jobs print, with the S&P 500 now higher by 1.25%.
    • Jobs were up 292K in December vs. 200K expected, and November/October gains were revised higher. The unemployment rate held steady at 5%.
    • The 10-year Treasury yield popped up to 2.20% right after the report, but is returned back to 2.18% - up three basis points on the session. TLT -0.4%, TBT +0.8% premarket
    • Gold (NYSEARCA:GLD) has added to losses, now lower by 1.3% to $1,094 per ounce. GLD -1.1% premarket
    • Oil has added to its gains, now up 1.4% to $33.81 per barrel. USO +0.6% premarket
    • The dollar (UUP, UDN) pops higher, now up 0.75% on the session. Particularly weak is the euro (NYSEARCA:FXE), down 1.2% to $1.08.
    • Previously: Strong upward revisions add to December jobs beat; wages and hours worked flat (Jan. 8)
    • Previously: Big jobs beat in December (Jan. 8)
    | Fri, Jan. 8, 8:49 AM | 15 Comments
  • Tue, Jan. 5, 6:19 AM
    • Euro-area inflation was weaker than economists predicted in December, when the European Central Bank stepped up its stimulus program.
    • According to preliminary data from Eurostat, consumer prices remained unchanged at an annual 0.2%, below expectations for a 0.3% rise.
    • "It's a major disappointment," said Jane Foley, a forex strategist at Rabobank. "We've seen this story again and again. Despite very weak monetary conditions, inflation is refusing to budge."
    • Euro -0.7% to $1.0762.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Tue, Jan. 5, 6:19 AM | 4 Comments
  • Dec. 17, 2015, 3:39 PM
    • Word in trading circles was that king dollar was due for a leg down after the long-expected tightening in U.S. monetary policy, but the greenback (UUP +1%) has moved steadily higher since the Fed's move yesterday afternoon.
    • For today's session, the dollar is up 1.45% to its highest level since the ECB unexpectedly sat on its hands earlier this month. Among the losers vs. the dollar today are the euro (FXE -1%), loonie (FXC -1.2%), yen (FXY -0.6%), swissie (FXF -0.7%), aussie (FXA -1.6%), and pound (FXB -0.7%).
    | Dec. 17, 2015, 3:39 PM | 4 Comments
  • Dec. 11, 2015, 4:15 PM
    | Dec. 11, 2015, 4:15 PM
  • Dec. 9, 2015, 1:05 PM
    • The dollar index is off 1% today, and now lower by about 3% since Thanksgiving, though the move doesn't look like much more than a blip in the big bull market which began in the middle of 2014.
    • At least today, the move lower is not just about the surging post-ECB meeting euro (FXE +1%). Also higher by more than 1% against the greenback are the pound (NYSEARCA:FXB) and yen (NYSEARCA:FXY). The commodity currencies - the loonie (NYSEARCA:FXC) and aussie (NYSEARCA:FXA) - continue to struggle, and are both lower on the session.
    • ETFs: UUP, UDN, FORX, USDU
    | Dec. 9, 2015, 1:05 PM | 5 Comments
  • Dec. 7, 2015, 11:24 AM
    • “There is no doubt in our minds that euro down will again become a theme over time, but regrettably that time is not now,” says Robin Brooks, Goldman's chief currency strategist.
    • Brooks' team's new forecast sees the euro at $1.07, $1.05, and $1 in the next three, six, and 12 months vs. $1.02, $1, and $0.95 prior to the ECB's (mostly) non-action last week. At year-end 2017, Goldman sees the common currency at $0.90 vs. $0.80 previously.
    • "This price action has all the hallmarks of the Yen under Governor Shirakawa, as opposed to Governor Kuroda, raising for us the unpleasant possibility that the idiosyncratic euro weaker story has been compromised," says the team. Even if Thursday's move turns out to be a mistake, the bears have been burned enough to make the euro's down move less likely to play out.
    • Previously: Goldman's euro bear rethinks position (Dec. 4)
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Dec. 7, 2015, 11:24 AM | 4 Comments
  • Dec. 4, 2015, 12:39 PM
    • "Today [Thursday] was not the most fun day I’ve ever had," said Goldman Chief Currency Strategist Robin Brooks, after the euro zoomed 3.1% higher following the ECB policy statement and press conference. "What’s clear is the meeting sent a very confusing message."
    • Among the most bearish on the euro on the Street - he sees the common currency falling to $0.95 in a year - Brooks had predicted a "dovish" surprise from Mario Draghi, but instead got a nominal cut in the deposit rate and only an extension (not a boost) to QE. The euro erased a month's worth of losses in one session (it's given back about one-third of that gain today). It's currently at $1.0839.
    • "We badly misread this meeting ... Even in the unlikely event that today’s disappointment was a mistake, we think it has cost enough credibility that the euro-down story we had envisaged is now less likely to play out."
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Dec. 4, 2015, 12:39 PM | 4 Comments
  • Dec. 3, 2015, 8:40 AM
    • Previously soft-scheduled to end in September of 2016, the ECB's QE will go on until at least March 2017, says the central bank's boss Mario Draghi, opening his post-policy meeting press conference.
    • Jaded financial markets want more and are voting thumbs down this on "tepid" measure. Interest rates and the euro are on the move higher, and investors are unloading stocks.
    • Flat ahead of the press conference, the Stoxx 50 (NYSEARCA:FEZ) is lower by 2.6%, and the euro is now higher by 1.7% to $1.08. Germany's (NYSEARCA:EWG2.4% decline is leading the way.
    • ETFs: FXE, VGK, EUO, FEZ, HEDJ, ERO, IEV, EPV, EZU, DRR, FEU, EEA, EUFX, EURL, ULE, FEP, UPV, DBEU, URR, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HFEZ, HEGE, HGEU
    | Dec. 3, 2015, 8:40 AM | 24 Comments
  • Dec. 3, 2015, 7:56 AM
    | Dec. 3, 2015, 7:56 AM
  • Dec. 3, 2015, 7:44 AM
    • Not waiting for the official release of the ECB statement, the euro (NYSEARCA:FXE) is flying higher on an FT report of no change to central bank policy.
    | Dec. 3, 2015, 7:44 AM | 3 Comments
  • Dec. 3, 2015, 4:42 AM
    • The ECB's governing council is meeting in Frankfurt to set monetary policy, and president Mario Draghi has plenty of excuses to institute more stimulus measures.
    • With inflation at just 0.1%, unemployment still over 10% and bank lending disappointing, economists expect the central bank to extend or add to its quantitative easing program and lower interest rates deeper into negative territory.
    • The decision comes at 12:45 p.m. GMT, followed by Mario Draghi's press conference 45 minutes later.
    • Euro -0.6% to $1.0554.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Dec. 3, 2015, 4:42 AM | 1 Comment
  • Dec. 2, 2015, 6:33 AM
    • Eurozone inflation held steady at a lower than expected 0.1% in November, giving further encouragement to ECB president Mario Draghi to pump up the central bank's contested bond-buying program tomorrow.
    • In March, the ECB launched a more than €1T stimulus plan running through September 2016 in order to snap a long period of low or negative inflation in the region, but given recent economic figures, that program will likely get a boost.
    • Euro -0.4% to $1.0596
    • Previously: Eurozone PMI, unemployment displays modest recovery (Dec. 01 2015)
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Dec. 2, 2015, 6:33 AM | 1 Comment
FXE Description
CurrencyShares Euro Trust is designed to track the price of the euro net of Trust expenses, which are expected to be paid from interest earned on the deposited euros.
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