CurrencyShares Euro Trust ETF (FXE) - NYSEARCA
  • Nov. 11, 2015, 12:14 PM
    • With European growth still lagging despite its massive QE program, the ECB is considering a number of options, including the purchase of municipal bonds of cities and regions.
    • According to Reuters, nearly $500B of such bonds are in circulation and awaiting to be turned into newly minted euros by the central bank.
    • Risk? "Some cities in Spain and Italy are a bust," says a Reuters source. "But a city will always be there ... Someone will always pay back the debt. They have the backing of the government and the ability to raise taxes." The creditors of at least a couple of once-flourishing U.S. cities might beg to differ.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Nov. 11, 2015, 12:14 PM
  • Nov. 6, 2015, 8:53 AM
    • U.S. stock index futures have moved from flat to down 0.3% since October's nonfarm payroll beat has put the odds squarely in favor of a rate hike in one month.
    • Europe, however, has turned losses into gains, possibly thanks to a spike higher in the dollar (UUP, UDN) and thus a big move lower in the euro (NYSEARCA:FXE). The dollar index is up 1.15%, the euro down 1.7%, and the Stoxx 50 (NYSEARCA:FEZup 0.3%.
    • Gold (NYSEARCA:GLD) is lower by 1.3% since the print to $1,090 per ounce - its weakest level since early August.
    • Previously: December rate hike back on after big jobs number (Nov. 6)
    • Previously: Big beat on jobs number (Nov. 6)
    | Nov. 6, 2015, 8:53 AM | 38 Comments
  • Nov. 5, 2015, 7:49 AM
    • The European Commission has cut its eurozone growth and inflation outlook for next year, citing lower oil prices, a weaker euro and challenging global outlook.
    • According to the Commission, gross domestic product in the 19-nation bloc is set to grow 1.8% in 2016, down from a previous projection of 1.9% in May.
    • Inflation is seen accelerating to 1% in 2016 and 1.6% in 2017 from 0.1% this year.
    • Investors now look to next month's ECB meeting for further stimulus measures to kindle the economy.
    • Previously: More weakness in Germany as factory orders decline (Nov. 05 2015)
    • ETFs: EU, EUFN, FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Nov. 5, 2015, 7:49 AM | 2 Comments
  • Nov. 5, 2015, 3:00 AM
    • The euro is getting weaker and the U.S. dollar stronger, reigniting a debate among traders over whether the currencies will trade in parity before the end of the year.
    • The moves follow recent dovish remarks from ECB President Mario Draghi and comments from Fed Chair Janet Yellen, suggesting a U.S. central bank rate hike could come in December.
    • U.S. employment and wage figures tomorrow could also reinforce a hike for December, adding extra downside pressure on the EUR-USD conversion.
    • Euro -0.2% to $1.0845.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, FORX, USDU, EUFX, ULE, URR
    | Nov. 5, 2015, 3:00 AM | 8 Comments
  • Oct. 23, 2015, 4:44 AM
    • Stocks across the globe are extending a rally from the previous session, after ECB President Mario Draghi signaled his willingness to add more stimulus to the eurozone's flagging economies.
    • "We are ready to act if needed...and we are open to the full menu of monetary policy," Draghi said at his news conference.
    • The euro fell 1.8% following the comments yesterday, the currency's biggest drop since the central bank announced quantitative easing in January, and is now trading at $1.1120.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • U.S. futures: Dow +0.1%. S&P +0.1%. Nasdaq +0.4%.
    • Europe: London +0.6%. Paris +1.3%. Frankfurt +1.3%.
    • Asia: Japan +2.1%; Hong Kong +1.4%; China +1.3%; India +0.9%.
    | Oct. 23, 2015, 4:44 AM | 2 Comments
  • Oct. 22, 2015, 8:57 AM
    | Oct. 22, 2015, 8:57 AM | 10 Comments
  • Oct. 3, 2015, 6:10 PM
    • Friday’s weak jobs data will cause the dollar to depreciate, Citigroup strategist Steven Englander says.
    • Citi is the top forex trader by volume.
    • With the Fed less likely to raise interest rates, Citi thinks refuge currencies including the yen and the euro will benefit.
    • "The last trades going into the number were going the wrong way, so that basically exacerbates the impact," Englander says. "Emerging markets are going nowhere and Europe and Japan are appreciating."
    • The dollar lost 0.2% vs. the euro this week and 0.6% vs. the yen.
    • ETFs: UUP, UDN, FORX, USDU, FXE, EUO, ERO, DRR, EUFX, ULE, URR, FXY, YCS, JYN, YCL
    | Oct. 3, 2015, 6:10 PM | 24 Comments
  • Oct. 2, 2015, 8:54 AM
    | Oct. 2, 2015, 8:54 AM | 16 Comments
  • Oct. 1, 2015, 4:13 AM
    • Eurozone manufacturing PMI declined to 52 (flash 52) in September from 52.3 in August.
    • France returned to growth, leaving only Greece in contraction territory, Markit notes.
    • However, Markit economist Chris Williamson isn't so enthusiastic about the numbers.
    • "Despite unprecedented central bank stimulus and substantial currency depreciation, the eurozone manufacturing sector is failing to achieve significant growth momentum and even risks stalling again," Williamson says.
    • The euro is -0.3% at $1.1146.
    • ETFs: FXE, EUO, ERO, EU, DRR, EUFX, ULE, URR
    | Oct. 1, 2015, 4:13 AM
  • Sep. 30, 2015, 5:29 AM
    • Eurozone unemployment held steady at 11% in August vs forecasts of 10.9%. (PR)
    • CPI -0.1% in September vs +0.1% in August and vs consensus of unchanged.
    • Core CPI stays at +0.9% on year, as expected. (PR)
    • The euro is -0.2% at $1.1229.
    • ETFs: FXE, EUO, ERO, EU, DRR, CEE, TRF, GUR, EUFX, ULE, ESR, URR
    | Sep. 30, 2015, 5:29 AM | 7 Comments
  • Sep. 28, 2015, 12:32 PM
    • Already maybe the most bullish of the big banks on the euro, HSBC boosts its 2016 year-end target for the common currency to $1.20 from $1.10.
    • The U.S. tightening cycle - if it even comes - will be shallow and short, says the bank's David Bloom. The ECB, on the other hand, won't be able to expand QE as much as it would like due to a shortage of bonds eligible for purchase (can't it always turn to helicopters?). "The ECB," says Bloom, "will find it extremely difficult to ignore or find a way around most of these constraints."
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Sep. 28, 2015, 12:32 PM
  • Sep. 24, 2015, 4:10 AM
    • The euro is clinging to broad gains after the head of the European Central Bank downplayed the need for further monetary stimulus any time soon.
    • ECB President Mario Draghi said while the risks to Europe's inflation and growth outlook have increased due to an emerging market slowdown, the bank would need more time to decide if the loss was "temporary or permanent in nature."
    • The euro last stood at $1.1214, pulling away from Wednesday's session low of $1.1105.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Sep. 24, 2015, 4:10 AM | 3 Comments
  • Sep. 23, 2015, 4:52 AM
    • The Markit Eurozone Manufacturing PMI fell to 53.9 in September to miss the estimate of economists. The read on manufacturing was 40 basis points lower than the 54.3 mark in August, but roughly in line with activity over the last eight months.
    • Service sector growth outpaced manufacturing by a small margin. Growth of new orders hit a five-month high in a positive signal for steady expansion of the eurozone economy.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Sep. 23, 2015, 4:52 AM | 1 Comment
  • Sep. 17, 2015, 4:49 AM
    | Sep. 17, 2015, 4:49 AM
  • Sep. 8, 2015, 5:24 AM
    | Sep. 8, 2015, 5:24 AM | 3 Comments
  • Sep. 3, 2015, 8:42 AM
    | Sep. 3, 2015, 8:42 AM | 15 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.
See more details on sponsor's website
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