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ERO
iPath EUR/USD Exchange Rate ETN

5/27/2012, 7:57 PM ET
52wk high:
52wk low:
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ERO Market Currents more »
  • 7:31 AM SNB President Jordan dismisses calls from Swiss industry to raise the floor on the euro/franc exchange rate, giving the impression the central bank has its hands full just maintaining the CHF 1.20 floor. Meanwhile, a working group suggests capital controls, among other measures, to defend against franc strength in the event the crisis worsens.
    Comment!
    [Global & FX]
  • Friday 3:51 AM The euro hit a 22-month low against the dollar yesterday, and has lost 5% in the last 3 weeks after barely moving against the dollar for most of the year. There's no end of reasons, though a notable downward driver is confirmation from some of Europe's biggest fund managers that they've been dumping euro assets on Grexit concerns.
    1 Comment
    [Global & FX]
  • Thursday 3:11 PM A Greek exit from EMU is imminent says Bank of Tokyo-Mitsubishi, with market chatter setting the timing for the weekend of June 2. The bank takes note of the relentless fall in the euro and comments from the Bundesbank that the exit will be controllable. The euro -0.5% and looking like it wants a $1.24 handle.
    4 Comments
    [Global & FX]
  • Thursday 9:14 AM "Pencil in" another LTRO announcement at the ECB's July meeting, says JPMorgan, also predicting a 25 basis point rate cut for September. The bank cites today's PMI reads as the final straw to stir the ECB to action (then why wait until September?). Something is clearly up in the currency markets, where the euro has spiked higher vs. the dollar and, more interestingly, against the Swiss franc.
    1 Comment
    [Global & FX, On the Move]
  • Thursday 8:34 AM How about a show of hands on who thinks the euro is headed lower, asked Goldman's Jim O'Neill at a January hedge fund conference, when the currency was about $1.26. Nearly every hand in the room shot up. Six weeks later, the euro was buying $1.35. "If Europe says something good," writes Upsidetrader, look for a big reversal in the euro, the dollar, and stocks.
    3 Comments
    [Global & FX]
  • Thursday 7:30 AM Expect the ECB to respond to Greece by holding another LTRO, says Commerzbank's chief economist, adding he expects the bank to take its time about announcing such. "The growing uncertainty is poison for the economy," he says. He predicts a cheaper euro, not because of a run, but because the ECB will have the loosest monetary policy.
    2 Comments
    [Global & FX]
  • Tuesday 7:50 AM European markets are at session highs, bouncing from an ugly few weeks of trade. Stoxx 50 +1.3%, led by Italy +2.6%. Germany +1%, Spain +1.1%. S&P futures turn back to green, +0.3%. Interestingly, the euro is lower by 0.5%. Could the break in correlation suggest easier monetary policy is about to come to the continent?
    1 Comment
    [Global & FX]
ETF Stats
  • Expense Ratio: 0.40%
  • Average Bid Ask Ratio: 0.44%
  • Tracking Error: 0.51%
  • Concentration Risk: 100.00%
  • Capital Gains Dist. %: 0.00%
  • Number of Securities: 1
  • Dividend Amount:
  • Dividend Date:
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ERO in Focus more »
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ERO Instablog posts more »
  • A CLASSIC MISUNDERSTANDING OF GOLD FROM GARTMAN, THE CORRECTION, AND SOLUTION
    Wed, May 16 • Cliff Wachtel • Comment!
  • PRIOR WEEK MARKET MOVERS: QUIET WEEK BELIES EU CRISIS SIGNALS
    Sat, Mar 31 • Cliff Wachtel • Comment!
  • PRIOR WEEK MARKET MOVERS & LESSONS: WHAT DIDN’T HAPPEN MATTERED MOST
    Sat, Mar 17 • Cliff Wachtel • Comment!
  • COMING WEEK MARKET MOVERS: LIGHT CALENDAR MEANS RESISTANCE, MONEY FLOWS KEY
    Sat, Mar 17 • Cliff Wachtel • 1 Comment
  • Coming Week Market Movers: Contagion Warnings, FOMC, Top Trends, Calendar Risks
    Sun, Mar 11 • Cliff Wachtel • 1 Comment
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ERO Description
The EUR/USD exchange rate is a foreign exchange spot rate that measures the relative values of two currencies, the euro and the U.S. dollar. When the euro appreciates relative to the U.S. dollar, the EUR/USD exchange rate (and the value of the Securities) increases; when the euro depreciates relative to the U.S. dollar, the EUR/USD exchange rate (and the value of the Securities) decreases. The EUR/USD exchange rate is expressed as a rate that reflects the number of U.S. dollars that can be exchanged for one euro in the interbank market for settlement in two days. Effective December 18, 2008 the EUR/USD exchange rate will be the rate reported each day on Bloomberg screen EURUSD WMCO Curncy <GO> at approximately 4:00 p.m., London time, or any successor page.
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