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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • Fri, May 22, 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
    | 3 Comments
  • Tue, May 19, 11:57 AM
    • It was only this morning when the rest of the world found out what those at an invitation-only conference in London learned last night - that the ECB will front-load its QE program.
    • ECB member Benoit Coeure spoke at the conference - organized by the Brevan Howard Centre for Financial Analysis, and featuring senior officials from at least five central banks - but his speech wasn't released to the general public until this morning.
    • European interest rates and the euro (FXE -1.4%) are headed south today, while European equities soar.
    • The Stoxx 50's (NYSEARCA:FEZ2% gain is being led by Germany (NYSEARCA:EWG+2.2%, Italy (NYSEARCA:EWI+2.2%, France (NYSEARCA:EWQ+2.1%, and Spain (NYSEARCA:EWP+1.4%.
    • ETFs: VGK, FEZ, HEDJ, IEV, EPV, EZU, FEU, EEA, EURL, FEP, UPV, DBEU, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU
    | 3 Comments
  • Tue, May 19, 5:22 AM
    • Aside from Greek worries, the euro tumbled the most in two months against the dollar today after ECB Executive Board member Benoit Coeure declared that the central bank would increase purchases under its QE program (from €60B in May and June) before an expected period of low liquidity in the summer.
    • Stocks in Europe climbed higher following the announcement of the bond buying plan, soaring to fresh three-week highs.
    • FTSE 100 +0.3%; DAX +1.7%; CAC 40 +1.8%; Euro Stoxx 50 +1.8%.
    • The euro is -1% to $1.1209.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Previously: Euro plunges as Greek talks drag on (May. 19 2015)
    | 12 Comments
  • Wed, May 13, 9:07 AM
    | 2 Comments
  • Fri, May 1, 4:06 AM
    • With a surge in German yields and lessening fears of deflation in Europe, the euro rallied for a second session, standing near two-month highs against the dollar and yen.
    • Data this week suggesting the eurozone might be pulling out of deflation triggered a rise in Bund yields and shot the benchmark 10-year yield to 0.386%, up some 20 bps in two days.
    • The euro is now near a two-month peak of $1.1267, having clawed its way back from a 12-year low of $1.0457, when the ECB launched its massive QE program in March.
    • Euro +0.4% to $1.1264.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Thu, Apr. 30, 6:12 AM
    • Signs of deflation risks in the eurozone are dwindling (for now), as inflation picked up in the 19-member bloc this month, although unemployment stuck at a very high level.
    • Against a backdrop of monetary stimulus from the ECB, the eurozone's inflation rate was flat in April from the year before (in line with market expectations), following a 0.1% fall in March.
    • However, the eurozone unemployment rate stood at 11.3% last month, unchanged from February.
    • Euro +0.3% to $1.1164.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Wed, Apr. 29, 11:32 AM
    | 1 Comment
  • Fri, Apr. 24, 4:36 AM
    • Tacking a fresh two-week high against a soft dollar, the euro is heading higher following weakening fears of a Grexit and Germany's Ifo survey,
    • Germany's business climate index rose to 108.6 in April from 107.9 in March - its highest level since June 2014.
    • "The upswing in the German economy continues," Ifo President Hans-Werner Sinn declared, pointing to stronger growth in 2015.
    • Euro +0.7% to $1.0896.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Tue, Apr. 21, 4:09 AM
    • With continued concerns over Greece, the euro slid overnight on growing worries that a cash-strapped Greece may default on its debt and eventually exit the single currency.
    • On Monday, Athens ordered public bodies such as state-owned companies and public pension funds to transfer their reserves to the central bank to help with cash squeezes and upcoming payments.
    • Creditors are also starting to lose their hope that Greece will be able to present detailed plans that would satisfy eurozone finance ministers ahead of their meeting in Riga on Friday.
    • The euro is -0.7% at $1.0667.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 2 Comments
  • Sun, Apr. 19, 7:45 AM
    • ECB president Mario Draghi said Saturday that Europe is rooting for Greece to resolve its problems, but the Hellenic Republic is the only party that can save itself.
    • Draghi also referred to a comment he made in August 2012 - when pressed by reporters about a Grexit - affirming that the euro "cannot be reversed."
    • Ongoing talks between Athens and its creditors have been going painfully slow, with the latter insisting on a set of detailed structural reforms to approve €7.2B in aid for the cash-strapped country.
    • As a result, Eurogroup ministers set an April 20 deadline last week for Greece's next reform proposal.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 61 Comments
  • Wed, Apr. 15, 8:59 AM
    | 5 Comments
  • Wed, Apr. 15, 3:45 AM
    • With some economists already crediting the eurozone's €60B/month stimulus program with spurring growth, Mario Draghi is expected to endorse a continuation of the campaign today at a meeting of the ECB's Governing Council.
    • A survey published on Tuesday by the central bank indicated that lending was increasing in the eurozone after years of tight credit - one of a number of measures signaling growth momentum in the region's economy.
    • The euro is down on the news, 0.7% lower at 1.0583.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 4 Comments
  • Tue, Apr. 14, 9:54 AM
    • More investors think the greenback (UUP, UDN) is overvalued than at any time since May 2009, according to BAML's April fund manager survey which shows a net 13% think the dollar is too pricey, up from 12% in March.
    • The world's most crowded trade? The dollar is a winner by a wide margin, with 60% believing so vs. less than 20% for #2, European stocks.
    • While the net 8% thinking the euro (NYSEARCA:FXE) is to cheap doesn't sound a like a lot, it's a turnaround from recent surveys which showed fund managers overall believing the common currency to be overvalued.
    • "April's survey offers further proof that global investors are front-running global monetary policy," says BAML's Michael Hartnett.
    • Source: WSJ
    | 2 Comments
  • Mon, Apr. 13, 4:27 AM
    • Despite a denial by Greece's finance ministry, tensions between Greece and its creditors took another turn for the worse over the weekend, following a report that eurozone officials were "shocked" at Greece's failure to outline detailed structural reforms at last week's talks in Brussels.
    • On Friday, Greece was given six working days by eurozone creditors to come up with reform plans in order to prepare for the April 24th Eurogroup meeting that will decide if €7.2B in financial aid will be disbursed.
    • The bickering is adding to the pressure on the euro - down 0.3% at $1.0572.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR, GREK
    | Comment!
  • Fri, Apr. 10, 4:14 PM
     
    | 3 Comments
  • Fri, Apr. 10, 6:17 AM
    • Central banks cut their euro holdings by the most on record last year to help mitigate losses ahead of the ECB's QE. The euro (NYSEARCA:FXE) now accounts for just 22% of global reserves, down from 28% before the EU's debt crisis five years ago, according to the IMF.
    • "As a reserve currency, the euro is falling apart," says SocGen's Daniel Fermon.
    • The numbers may be music to Mario Draghi's ears - a cheaper currency is theoretically a more competitive one - but Mizuho suggests the euro's slipping popularity suggests a more lasting loss of confidence in the EU economy.
    • The euro is lower by 0.5% today to $1.0602.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
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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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