Seeking Alpha

FXE
CurrencyShares Euro Trust ETF

5/27/2012, 4:26 PM ET
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FXE 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: 0.01%
  • Tracking Error: 0.36%
  • Concentration Risk: 100.00%
  • Capital Gains Dist. %: 0.00%
  • Number of Securities: 1
  • Dividend Amount:
  • Dividend Date:
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FXE in Focus more »
FXE Press Releases and Filings more »
Currently, there are no press releases or filings on FXE.
FXE Instablog posts more »
  • Phantom Fund Model Portfolio (FXE, GLD, UUP)
    Sun, May 27 • Richard Bailey • Comment!
  • EURUSD (FXE) Tests 1.2514 Low From Yesterday
    Fri, May 25 • ForexLive • Comment!
  • EUR/USD (FXE) Consolidates But Sellers Stay In Control
    Thu, May 24 • ForexLive • Comment!
  • EURUSD Looks Toward Years Key Low Levels
    Wed, May 23 • ForexLive • Comment!
  • I Sold Everything Today And I’m Now 100% Cash. The Reasons For This....
    Tue, May 22 • Garfield23 • 3 Comments
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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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Country: United States
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