CurrencyShares Euro Trust ETF
 (FXE)

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  • Jul. 6, 2015, 3:54 AM
    • Traders were greeted with a sea of red on Monday after 61% of Greeks voted 'No' in a referendum asking them to accept an international creditor proposal that would have included more austerity reforms.
    • A couple of emergency meetings are now in the works, including an ECB gathering to discuss emergency liquidity assistance and a meeting between Angela Merkel and Francois Hollande that will review the eurozone's response to the vote.
    • Meanwhile, Greek Finance Minister Yanis Varoufakis has indicated that he is stepping down from his post due to heavy pressure from Greece's European partners.
    • Europe: London -0.7%. Paris -1.5%. Frankfurt -1.2%. Euro Stoxx 50 -1.6%.
    • Euro -0.8% to $1.1027. ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • U.S. Futures: Dow -0.7%. S&P -0.6%. Nasdaq -0.7%.
    • Asia: Nikkei -2.1%; Shanghai +2.4%; Hang Seng -3.3%; BSE Sensex -0.7%
    • GREK -18.8% premarket
    | Jul. 6, 2015, 3:54 AM | 35 Comments
  • Jun. 30, 2015, 6:20 AM
    • Inflation in the eurozone eased in June, highlighting that the region remains vulnerable to deflation pressures.
    • The eurozone consumer price index rose 0.2% in June from a year earlier, after rising 0.3% in May, while the core annual rate dropped to 0.8% from 0.9%.
    • A pick-up in inflation last month had boosted hopes that price pressures were returning to the region after it tumbled into deflation earlier this year.
    • Euro -0.4% to $1.1192.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jun. 30, 2015, 6:20 AM
  • Jun. 29, 2015, 4:23 PM
    • Investors may think they have things figured out by buying dollars amid macro jitters, but that strategy had to be faded today. The dollar (UUP -0.6%) closed lower across the board, including a 0.3% decline vs. the euro (NYSEARCA:FXE) after having been about 1.5% higher in knee-jerk action reaction to Greece last night.
    • The dollar also lost 1.1% vs. the yen (NYSEARCA:FXY), 0.3% vs. the pound (NYSEARCA:FXB) and 0.6% vs the aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, FORX, USDU
    | Jun. 29, 2015, 4:23 PM | 5 Comments
  • Jun. 29, 2015, 8:25 AM
    • The euro (NYSEARCA:FXE) knee-jerked lower by 1.5% on Sunday night after Greece shut its banks and stock market, and imposed capital controls, but has now recouped nearly all of that decline.
    • Other asset markets - namely stocks and interest rates - are showing no such reversal.
    • Behind the move in the euro is the Swiss National Bank intervening to prevent appreciation of the franc (NYSEARCA:FXF), which is now just marginally higher on the session.
    • “It is currently a very difficult situation and we are observing developments very closely,” says SNB cheif Thomas Jordon, speaking at a conference. He declined to give details about the size of the bank's intervention, the first such move since the SNB in January threw in the towel on its floor on euro/franc.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jun. 29, 2015, 8:25 AM | 5 Comments
  • Jun. 29, 2015, 5:33 AM
    • The Swiss National Bank intervened in foreign exchange markets over the weekend in an effort to hold down the franc's rise amid uncertainty over Greece's future.
    • "We have always said that we are active in the foreign exchange market if necessary," SNB Chairman Thomas Jordan said at a finance event in Bern, Switzerland.
    • A Greek default would likely spark massive safe-haven flows into the Swiss currency and spur the SNB into action.
    • Euro is -0.4% to ₣1.0387.
    • ETFs: FXE, EUO, FXF, ERO, DRR, EUFX, ULE, URR
    | Jun. 29, 2015, 5:33 AM | 1 Comment
  • Jun. 28, 2015, 6:41 PM
    • Following today's news on Greece, and with emergency aid to the country frozen, the euro has slipped 1.4%.
    • Major stock futures are also off 1.5%; Dow futures are down 271 points, while S&P 500 futures are off 35. Nikkei futures are off 500 points. 30-year bonds +2.5%.  Crude -1.5%. Nasdaq -1.6%.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR, DIA, DOG, DXD, UDOW, SDOW, DDM, UDPIX
    | Jun. 28, 2015, 6:41 PM | 93 Comments
  • Jun. 24, 2015, 10:43 AM
    • Among the reasons is a strong rebound in GDP data for Q2, says analyst Robin Brooks, with growth for the quarter currently tracking at 3.1%. The timing of Fed rate hikes is somewhat irrelevant, says Brooks, as tighter policy is on the way, and the forex market will "front-run" the move.
    • Goldman is also sticking with its outlier of a bearish call on the euro (NYSEARCA:FXE) not just falling through parity with the greenback, but dropping all the way to $0.80. If the common currency happens to bounce on a Greek agreement, use it as an opportunity to sell more. If no deal is reached, it would call for an even faster move to and through parity.
    • ETFs: UUP, UDN, FORX, USDU
    | Jun. 24, 2015, 10:43 AM | 3 Comments
  • Jun. 17, 2015, 2:19 PM
    | Jun. 17, 2015, 2:19 PM | 3 Comments
  • Jun. 12, 2015, 5:09 AM
    • Bund yields fell again today as investors rediscovered the safe-haven appeal of German debt after the IMF walked out of Greek negotiations.
    • "It's a reaction to the IMF withdrawal...a classic risk-off pattern," said Christian Lenk, a strategist at DZ Bank. "No-one really knows what's going on there. The poker game continues."
    • Ten-year Bund yields, which set the standard for euro zone borrowing costs, fell 4 bps on the day to 0.86%. The euro is also down on the news, tumbling 0.9% to $1.1162.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR, BUNL, BUNT, GGOV
    | Jun. 12, 2015, 5:09 AM | 1 Comment
  • Jun. 5, 2015, 8:47 AM
    | Jun. 5, 2015, 8:47 AM
  • Jun. 3, 2015, 9:04 AM
    • Apparently they've got whisper numbers at the ECB as Mario Draghi says Europe's economic recovery is on track with the bank's projections, but that the bank was hoping for something stronger than its forecasts.
    • Webcast
    • As for the recent strong read on core CPI, Draghi says the ECB is more concerned with trends and will look through near-term fluctuations. The bank did hike its 2015 inflation forecast to 0.3% from flat, but 2016 is unchanged at 1.5% and 2017 is unchanged at 1.8%.
    • The GDP growth outlook for 2015 and 2016 is unchanged at 1.5% and 1.9%, respectively, while 2017 is trimmed to 2% from 2.1% (there's that economist sense of humor).
    • The euro (NYSEARCA:FXE) is active, but currently lower by just 0.2% to $1.1135.
    • European stocks (NYSEARCA:FEZ) have added to earlier gains, with Germany (NYSEARCA:EWG) and France (NYSEARCA:EWQ) leading the way, both ahead by 1.35%.
    • Previously: ECB leaves policy on hold (June 3)
    • 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
    | Jun. 3, 2015, 9:04 AM | 4 Comments
  • Jun. 2, 2015, 12:52 PM
    • A rise in core European inflation to 0.9% in May from 0.7% a month earlier has set off a 2.5% rally in the euro (NYSEARCA:FXE) and soaring bond yields across the Continent.
    • The German 10-year Bund yield is up 18 basis points to 0.72%, the Italian 10-year is up 17 bps to 2.12%, and the Spanish 10-year is up 14 bps to 2.05%. In the U.K., 10-year Gilts are higher by 13 bps to 2.00%.
    • The action has set off a big move in the 10-year U.S. Treasury yield, up eight bps on the session to 2.26%. TLT -1.45%, TBT +2.9%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, EU, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, BUNL, TENZ, LBND, BUNT, GGOV, DLBL, TYBS, VUSTX
    | Jun. 2, 2015, 12:52 PM
  • Jun. 2, 2015, 6:17 AM
    • Euro-area consumer prices rose for the first time in six months in May, suggesting that the ECB's trillion-euro stimulus program has brought rapid results.
    • Following a flat reading in April, eurozone inflation rose 0.3% last month, while core prices (excluding energy and unprocessed food) climbed 0.9%, accelerating from 0.7% in April.
    • The ECB's governing council will meet in Frankfurt later this afternoon to discuss monetary policy.
    • Euro +0.9% to $1.1026.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jun. 2, 2015, 6:17 AM | 2 Comments
  • Jun. 1, 2015, 4:54 AM
    • The euro tumbled today after Greece missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and exit from the euro zone.
    • The chances for a deal aren't looking any better after Alexis Tsipras' comments on Sunday. Yesterday, the prime minister accused bailout monitors of making "absurd" demands and seeking to impose "harsh punishment" on Athens.
    • Greece is due to repay a €300M loan to the IMF on Friday and three additional payments, totaling about €1.25B, later in June.
    • The euro is -0.8% to $1.0898.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jun. 1, 2015, 4:54 AM | 5 Comments
  • May 26, 2015, 1:44 PM
    • Europe's dealing with the usual worries about Greece and weekend election gains by the anti-austerity party in Spain may have some wondering about contagion. The Stoxx 50 ETF (NYSEARCA:FEZ) is lower by 2.9% as Monday's loss across the pond combines with Tuesday.
    • This morning, a trio of economic reports - durable goods, home prices, and new home sales - beat expectations, giving another boost the greenback.
    • The dollar's higher by 1% vs. the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and aussie (NYSEARCA:FXA), and somewhat less vs. cable (NYSEARCA:FXB) and the Swiss franc (NYSEARCA:FXF). Buying ¥122.95, the greenback is at an 8-year high vs. the yen.
    • UUP +1.15%, UDN -1%
    • ETFs: UUP, UDN, FORX, USDU
    | May 26, 2015, 1:44 PM | 11 Comments
  • May 22, 2015, 8:55 AM
    • Core CPI rose 0.3% in April, the fastest pace since January 2013. Forecasts had been for just a 0.1% gain. Over the last 12 months, core CPI was up 1.8% in April, the same as March.
    • The overall CPI was higher by 0.1% in April and lower by 0.2% year-over-year.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.4% after the news. Against individual currencies, the greenback jumped about 100 pips vs. the euro (NYSEARCA:FXE), with similarly-sized moves vs. the aussie (NYSEARCA:FXA), loonie (NYSEARCA:FXC), swissie (NYSEARCA:FXF), yen (NYSEARCA:FXY), and cable (NYSEARCA:FXB).
    • ETFs: UUP, UDN, UUPT, UDNT, FORX, USDU
    | May 22, 2015, 8:55 AM | 3 Comments
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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