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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • Yesterday, 8:42 AM
    | Yesterday, 8:42 AM | 13 Comments
  • Mon, Aug. 31, 6:22 AM
    • The eurozone's inflation rate held steady in August, highlighting the challenge European Central Bank policymakers face as they seek to revive consumer-price growth.
    • Annual inflation came in at 0.2%, exceeding the median forecast for a reading of 0.1%, while core inflation held at 1%.
    • The latest figures are a far cry from the 2% target set by the ECB and are likely to provide further impetus for the bank to continue its €1T ($1.1T) asset purchasing program.
    • Euro +0.2% to $1.1206, while European shares are on track for their worst month in four years: Paris -0.8%; Frankfurt -0.7%; Euro Stoxx 50 -0.7%
    • .ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Aug. 31, 6:22 AM | Comment!
  • Wed, Aug. 26, 8:50 AM
    • ECB Governing Council member Peter Praet earlier said the crash in commodity prices and slowdown in overseas economies put the central bank at risk of missing its inflation target on the downside. "There should be no ambiguity on the willingness and ability of the governing council to act if needed."
    • The euro (NYSEARCA:FXE) is lower by 1% to 1.1370. The dollar index (NYSEARCA:UUP) is ahead by 1%.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, FORX, USDU, EUFX, ULE, URR
    | Wed, Aug. 26, 8:50 AM | 2 Comments
  • Fri, Aug. 21, 11:12 AM
    • The October Fed Funds futures contract is edging higher again today, and at 99.79 is just seven basis points lower than the August contract - meaning less than a one-in-three chance of a 25 basis point rate hike in September. The January contract is up to 99.675, putting the odds of a 25 point move anytime this year at just 75%.
    • One has to go all the way out to August 2016 to see 50 basis points of rate hikes priced in.
    • Alongside the reduced expectations of tighter policy, the dollar (UUP -0.8%), (UDN +0.6%) has fallen to a two-month low. For all the talk about "king dollar" this year, the greenback has been in a fairly clear downtrend since the start of the spring. It's still up about 3.5% on the year.
    • As for today's action, the biggest gainers vs. the dollar are the euro (FXE +1.1%), yen (FXY +0.9%), and swissie (FXF +0.6%).  Still losing ground are the commodity currencies - the loonie (FXC -0.7%) and aussie (FXA -0.2%).
    • ETFs: UUP, UDN, FORX, USDU
    | Fri, Aug. 21, 11:12 AM | 12 Comments
  • Wed, Aug. 12, 7:25 AM
    • China was forced to intervene to support the tumbling yuan overnight, and at day's end set Wednesday's reference rate for the currency based on its closing level today. In the past, Beijing had ignored market moves and set the reference rate higher on days when markets sold it lower.
    • Last night's move is thus - more or less - a 2nd devaluation of the currency (really a freeing up of the currency). The yuan is now lower by 2.8% since Monday's close.
    • The bottom line is that Europe now has competition in the weak currency business - something its shaky economy probably doesn't need at the moment.
    • The Stoxx 50 (NYSEARCA:FEZ) is lower by 2.3%, bringing its losses for the week to about 4%. Germany (NYSEARCA:EWG) is down 2.4%, France (NYSEARCA:EWQ2.3%, Spain (NYSEARCA:EWP1.6%, Italy (NYSEARCA:EWI2%, and the U.K. 1.2%.
    • The euro (NYSEARCA:FXE) is up 1% vs. the dollar to $1.1151.
    • ETFs: FXE, VGK, EUO, FEZ, HEDJ, ERO, IEV, EPV, EZU, DRR, FEU, EEA, EUFX, EURL, ULE, FEP, UPV, DBEU, URR, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HGEU, HFEZ
    | Wed, Aug. 12, 7:25 AM | 12 Comments
  • Fri, Jul. 24, 4:16 PM
    | Fri, Jul. 24, 4:16 PM | 1 Comment
  • Thu, Jul. 16, 8:54 AM
    • To no one's surprise, the ECB earlier left rate unchanged, but markets have been awaiting Mario Draghi's press conference, which has just gotten underway. At issue is whether the ECB will boost emergency liquidity assistance for Greek's banks. Without an increase in ELA, there's no way for Greek banks to reopen (they've been closed nearly two weeks) while remaining in EMU.
    • Again to no one's surprise, Draghi has delivered - saying conditions have been sufficiently restored to allow the ECB to raise the ELA limit.
    • The Stoxx 50 (NYSEARCA:FEZ) has moved a little higher in the past few minutes, now up 1.8% on the session.
    • The euro (NYSEARCA:FXE) is at its session low, down 0.75% to $1.0867.
    | Thu, Jul. 16, 8:54 AM | 7 Comments
  • Mon, Jul. 13, 5:22 AM
    • The eurozone and Greece have agreed in principle to a third bailout that will keep the beleagured country in the eurozone, for now.
    • Greece has secured debt restructuring and medium-term financing in a growth package worth €35B.
    • Greece has capitulated to German demands to put €50B of state assets in a trust fund so that they can be sold off and the proceeds used to repay debt.
    • The government of left-wing Prime Minister Alexis Tsipras will also have to convince the Greek parliament to pass six austerity measures, including spending cuts, tax hikes and pension reforms. Only then can detailed negotiations begin.
    • It's going to be tough for Tsipras, especially with his own labor minister already denouncing the deal and with the resounding "no" vote in the recent referendum.
    • Donald Tusk's pun that "we have an agreekment" sums up how tortuous the past few years have been.
    • Previous
    • ETFs: FXE, EUO, GREK, ERO, EU, DRR, EUFX, ULE, URR
    | Mon, Jul. 13, 5:22 AM | 35 Comments
  • Mon, Jul. 13, 3:18 AM
    • "EuroSummit has unanimously reached agreement (on Greece)," tweets the media team of EU Council President Donald Tusk: "All ready to go for ESM programme for #Greece with serious reforms & financial support."
    • However, details have yet to emerge. One wag - Nick Malkoutzis, Deputy editor of Greek daily Kathimerini English Edition - tweets: "What if he means they've agreed on what to have for breakfast?"
    • More seriously, the WSJ's Charles Forelle warns: "Remember 1.) Privatization was an early Syriza red line. 2.) €50B was proposed in 2011 and proved laughable."
    • The euro jumps with delight before coming back down to earth and is -0.1% at $1.1152, while in the stock markets, London is +1.4%, Paris +3.1% and Frankfurt +2.9%.
    • ETFs: FXE, EUO, GREK, ERO, EU, DRR, EUFX, ULE, URR
    | Mon, Jul. 13, 3:18 AM | 60 Comments
  • Tue, Jul. 7, 10:42 AM
    • Greek government officials arrived at today's meeting of European finance ministers without a new proposal, according to the FT, shocking the group and angering some in the room.
    • One Eurogroup source says Greece instead will present its latest gambit tomorrow directly to the Troika. Another source says the Greek officials presented an outline of a plan to the Eurogroup, but written materials were still being worked on. A Greek official says his government presented the same plan from last week that's already been rejected.
    • In any case, the eurocrats don't seem pleased. Europe has taken a new leg down, led by France's (NYSEARCA:EWQ1.5% decline. Germany (NYSEARCA:EWG) is off 1.4%, Italy (NYSEARCA:EWI) and Spain (NYSEARCA:EWP1.3%. The Stoxx 50 (FEZ -2.4%). Greece ETF (GREK -4.6%), National Bank of Greece (NBG -7.8%).
    • The euro (NYSEARCA:FXE) is lower by 1% to $1.0942.
    • Previously: Europe can't hold gains (July 7)
    | Tue, Jul. 7, 10:42 AM | 125 Comments
  • Mon, Jul. 6, 3:54 AM
    • Traders were greeted with a sea of red on Monday after 61% of Greeks voted 'No' in a referendum asking them to accept an international creditor proposal that would have included more austerity reforms.
    • A couple of emergency meetings are now in the works, including an ECB gathering to discuss emergency liquidity assistance and a meeting between Angela Merkel and Francois Hollande that will review the eurozone's response to the vote.
    • Meanwhile, Greek Finance Minister Yanis Varoufakis has indicated that he is stepping down from his post due to heavy pressure from Greece's European partners.
    • Europe: London -0.7%. Paris -1.5%. Frankfurt -1.2%. Euro Stoxx 50 -1.6%.
    • Euro -0.8% to $1.1027. ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • U.S. Futures: Dow -0.7%. S&P -0.6%. Nasdaq -0.7%.
    • Asia: Nikkei -2.1%; Shanghai +2.4%; Hang Seng -3.3%; BSE Sensex -0.7%
    • GREK -18.8% premarket
    | Mon, Jul. 6, 3:54 AM | 35 Comments
  • Tue, Jun. 30, 6:20 AM
    • Inflation in the eurozone eased in June, highlighting that the region remains vulnerable to deflation pressures.
    • The eurozone consumer price index rose 0.2% in June from a year earlier, after rising 0.3% in May, while the core annual rate dropped to 0.8% from 0.9%.
    • A pick-up in inflation last month had boosted hopes that price pressures were returning to the region after it tumbled into deflation earlier this year.
    • Euro -0.4% to $1.1192.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Tue, Jun. 30, 6:20 AM | Comment!
  • Mon, Jun. 29, 4:23 PM
    • Investors may think they have things figured out by buying dollars amid macro jitters, but that strategy had to be faded today. The dollar (UUP -0.6%) closed lower across the board, including a 0.3% decline vs. the euro (NYSEARCA:FXE) after having been about 1.5% higher in knee-jerk action reaction to Greece last night.
    • The dollar also lost 1.1% vs. the yen (NYSEARCA:FXY), 0.3% vs. the pound (NYSEARCA:FXB) and 0.6% vs the aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, FORX, USDU
    | Mon, Jun. 29, 4:23 PM | 5 Comments
  • Mon, Jun. 29, 8:25 AM
    • The euro (NYSEARCA:FXE) knee-jerked lower by 1.5% on Sunday night after Greece shut its banks and stock market, and imposed capital controls, but has now recouped nearly all of that decline.
    • Other asset markets - namely stocks and interest rates - are showing no such reversal.
    • Behind the move in the euro is the Swiss National Bank intervening to prevent appreciation of the franc (NYSEARCA:FXF), which is now just marginally higher on the session.
    • “It is currently a very difficult situation and we are observing developments very closely,” says SNB cheif Thomas Jordon, speaking at a conference. He declined to give details about the size of the bank's intervention, the first such move since the SNB in January threw in the towel on its floor on euro/franc.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Jun. 29, 8:25 AM | 5 Comments
  • Mon, Jun. 29, 5:33 AM
    • The Swiss National Bank intervened in foreign exchange markets over the weekend in an effort to hold down the franc's rise amid uncertainty over Greece's future.
    • "We have always said that we are active in the foreign exchange market if necessary," SNB Chairman Thomas Jordan said at a finance event in Bern, Switzerland.
    • A Greek default would likely spark massive safe-haven flows into the Swiss currency and spur the SNB into action.
    • Euro is -0.4% to ₣1.0387.
    • ETFs: FXE, EUO, FXF, ERO, DRR, EUFX, ULE, URR
    | Mon, Jun. 29, 5:33 AM | 1 Comment
  • Sun, Jun. 28, 6:41 PM
    • Following today's news on Greece, and with emergency aid to the country frozen, the euro has slipped 1.4%.
    • Major stock futures are also off 1.5%; Dow futures are down 271 points, while S&P 500 futures are off 35. Nikkei futures are off 500 points. 30-year bonds +2.5%.  Crude -1.5%. Nasdaq -1.6%.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR, DIA, DOG, DXD, UDOW, SDOW, DDM, UDPIX
    | Sun, Jun. 28, 6:41 PM | 93 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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