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ProShares Short Euro ETF (EUFX)

- NYSEARCA
  • Aug. 31, 2014, 9:56 AM
    • Stressing the need for additional measures to counter deflation, French PM Manuel Valls has announced that the ECB must take further action against the overvalued euro.
    • The announcement comes on the heels of the euro zone's inflation data for August, which displayed consumer prices rising just 0.3% Y/Y (well below the ECB's target of just below 2%).
    • Along with hints from Mario Draghi, the new figures are also boosting expectations that the central bank will soon announce further stimulus measures and will likely trigger lively discussion at the ECB's Sept. 4 policy meeting this week.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Aug. 31, 2014, 9:56 AM | 3 Comments
  • Aug. 29, 2014, 6:40 AM
    • Euro zone inflation continued to fall in August, with consumer prices rising just 0.3% Y/Y, well below the ECB's target of just below 2%.
    • The new figures released by Eurostat boost expectations that the central bank will announce further stimulus measures, and will likely result in lively discussion at the ECB's Sept. 4 policy meeting next week.
    • At Jackson Hole last Friday, ECB President Mario Draghi also hinted at further stimulus measures.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Aug. 29, 2014, 6:40 AM | 25 Comments
  • Aug. 27, 2014, 5:02 AM
    • Speculation of further policy easing from the ECB drove down the euro and bond yields to new lows this morning, with markets wagering that steps toward stimulus measures could come as early as next week.
    • Euro zone inflation data due on Friday is also likely to show a fresh low for this cycle of just 0.3% and add to the sense of urgency on policy.
    • The euro fell to an 11-month low of $1.3154 in Asia, taking it nearer to the Sept. 6 trough of $1.3104.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Aug. 27, 2014, 5:02 AM | Comment!
  • Aug. 25, 2014, 2:42 AM
    • Following the raised prospects of more policy easing from the ECB as early as next week, the euro plummeted this morning to its lowest level in nearly a year against the dollar.
    • The drop follows ECB President Mario Draghi's confirmation on Friday that the central bank is prepared to respond with all of its "available" tools should inflation drop further.
    • The euro dropped to $1.3185 in early trade, its lowest since September 2013, from around $1.3246 on Friday.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Aug. 25, 2014, 2:42 AM | Comment!
  • Aug. 20, 2014, 8:35 AM
    • Germany today raised just over €4B of two-year money, with the notes priced to yield 0.00%. Demand was strong, totaling nearly €8.3B.
    • The sale comes amid geopolitical risk and the slowdown in the European economy, bringing forth the possibility of further stimulus from the ECB.
    • This isn't the first time two-year borrowing costs have fallen so far. Amid the debt crisis two years ago, investors paid Germany to lend it money, accepting a negative 0.06% yield at an auction.
    • The euro is down 0.25% to $1.3288, it lowest level in about a year.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Aug. 20, 2014, 8:35 AM | 2 Comments
  • Aug. 14, 2014, 6:46 AM
    | Aug. 14, 2014, 6:46 AM | Comment!
  • Aug. 12, 2014, 7:20 AM
    • Germany's ZEW survey of economic expectations declined to 8.6 in August from 27.1 in July and vs. expectations for a print of 18. It's the eighth straight month of declines and the indicator has reached its lowest level since December 2012.
    • It's another data point painting a picture of a sharply slowing economy following an unusually strong Q1. Last month, the closely-watched Ifo survey indicator fell for the third consecutive month.
    • The euro (NYSEARCA:FXE) is lower by 0.3% to $1.3344, it's weakest level since November. It was just three months ago, the currency touched $1.40.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Germany's DAX is down 0.4%. EWG -0.5% premarket
    | Aug. 12, 2014, 7:20 AM | 1 Comment
  • Jul. 24, 2014, 4:17 AM
    • France's Prime Minister Manuel Valls has declared that the EU should help member states carry out their reforms and stressed the overvaluation of the euro.
    • The French government is not alone. Many member states have been complaining about the strength of the euro and have called on both the ECB and governments to take action.
    • EU leaders related at a summit last month that they were ready to give euro zone countries time to consolidate their budgets as long as they continued with reforms.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jul. 24, 2014, 4:17 AM | Comment!
  • Jul. 15, 2014, 3:50 AM
    • Mario Draghi is warning that that euro zone recovery is at risk with a strong euro and highlighted that large-scale purchases of public and private debt do fall within the ECB's mandate to keep inflation low and stable.
    • EU growth has been facing a difficult time with the appreciated exchange rate threatening price stability. The euro came close to the $1.40 level in recent months from 1.20 against the dollar in mid-2012.
    • Draghi has also urged EU member states to implement tougher structural reforms to boost economic development.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jul. 15, 2014, 3:50 AM | 1 Comment
  • Jul. 3, 2014, 8:50 AM
    | Jul. 3, 2014, 8:50 AM | 1 Comment
  • Jun. 17, 2014, 3:41 AM
    • The European Central Bank's monetary easing earlier this month has spelled trouble for the euro, and analysts say a sentiment shift has attributed further weakness. After hitting a 2-1/2 year high hit in early June, the euro has declined over 3%, due in part to the ECB's negative interest rates, and cut to its main lending rate.
    • Carry trades, which borrow money in a currency that is backed by a low interest rate to fund investments in higher-yielding assets, have also increased using the euro.
    • Both the ECB's monetary easing and carry trades have been main factors in causing a declining euro. Data released last week shows the net short position for the euro/dollar reaching its highest level since late May 2013.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jun. 17, 2014, 3:41 AM | 1 Comment
  • Jun. 5, 2014, 8:42 AM
    | Jun. 5, 2014, 8:42 AM | 31 Comments
  • Jun. 3, 2014, 5:48 AM
    • Euro zone flash inflation data for May is due today, with the consensus being a 0.7% rise year-on-year. The numbers are expected to detail decreasing price pressures in the region and reinforce the case for a heavy monetary stimulus from the European Central Bank.
    • Barclays, RBS and JPMorgan predict an annual inflation reading of 0.5%, which is far below the European Central Bank's target of near or just below 2%. A softer reading will also boost the chances of the ECB loosening it's policy towards negative deposit rates when it meets on Thursday.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Jun. 3, 2014, 5:48 AM | Comment!
  • May 15, 2014, 5:10 AM
    | May 15, 2014, 5:10 AM | Comment!
  • May 15, 2014, 2:08 AM
    | May 15, 2014, 2:08 AM | Comment!
  • May 13, 2014, 7:11 AM
    • Germany's Bundesbank is willing to support significant ECB stimulus if the latter's inflation forecasts for the period through 2016 are lowered, the WSJ reports.
    • Measures could include a negative rate on bank deposits and purchases of packaged bank loans as the Bundesbank lends its weight to the battle to stop low inflation becoming permanent and even becoming deflation. However, the bank is still resistant to large-scale purchases of public and private debt.
    • Still, the Bundesbank's readiness to counter stimulus marks a departure from its traditionally strong opposition to such action.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, EU, EPV, EZU, HEDJ, DRR, FEU, FEP, UPV, EUFX, ULE, ADRU, FEEU, URR, EURL, EURZ, FIEU, DBEU
    | May 13, 2014, 7:11 AM | Comment!
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EUFX Description
ProShares Short Euro seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the U.S. dollar price of the euro.
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