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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • Fri, Mar. 20, 6:20 AM
    • Following Athens' reform pledge and the Federal Reserve's cautious approach to raising interest rates, the euro climbed further as European stocks flat-lined and euro zone bond yields dipped.
    • The euro was 0.3% higher against the dollar at $1.0686, well below Wednesday's high above $1.10, but still leaving the currency on track for its best weekly performance in 18 months.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Wed, Mar. 18, 4:25 PM
    • A nice-sized rout in the overbought dollar following the unexpected Fed dovishness turns into something more after the bell, with the euro (NYSEARCA:FXE) flying all the way past $1.10 vs. just above $1.08 at 4 ET (prior to the Fed news, it was around $1.0650). In the last few minutes the common currency has returned to $1.0914.
    • The other major currencies also saw big post-4 ET moves, but not of the euro's magnitude.
    • The Dollar Bull ETF (NYSEARCA:UUP) is lower by 0.7% after hours, following a 2% dive in the day session.
    • Previously: Dollar off sharply as Fed slows rate hike estimates (March 18)
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, UUPT, FORX, UDNT, EUFX, USDU, ULE, URR
    | 6 Comments
  • Wed, Mar. 18, 2:15 PM
    | 1 Comment
  • Mon, Mar. 16, 2:56 PM
    • Checking out sharp oil decline episodes in 1985, 1997-98, and 2008-09, Natixis' Patrick Artus sees a number of statistically robust consequences. Among them are a rise in real wages, corporate profits, and real interest rates.
    • In those instances since the introduction of the euro, the oil fall has also resulted in a weaker euro (we can check that one off already).
    • The bottom line, says Artus, is an optimistic view on the economy, especially the eurozone.
    • ETFs: AGG, FXE, BND, BOND, EUO, ERO, SCHZ, DRR, EUFX, LAG, ULE, URR, SAGG, GBF, FBND, IUSB, VBND
    | 1 Comment
  • Mon, Mar. 16, 5:16 AM
    • The euro recouped its earlier losses after briefly touching a new 12-year low against the dollar in Asia trade, but further slides in the currency looked likely given the diverging monetary policies in the eurozone and U.S.
    • Ahead of the FOMC scheduled to end Wednesday, the euro was up 0.4% at $1.0536 after hitting $1.0457, its lowest since January 2003.
    • Nearly all now believe that Fed policy setters will remove the word "patient" from their statement, opening the door for a rate increase in June.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Fri, Mar. 13, 10:30 AM
    • Another strong gain today in the dollar (UUP +0.6%) has pushed the dollar index through 100 for the first time since April 2003.
    • The greenback is up across the board, but particularly strong vs. the euro (FXE -0.9%), pound (FXB -1.1%), loonie (FXC -0.6%), and aussie (FXA -0.8%).
    • Alongside the rallying dollar, oil has erased its February bounce, and at $45.83 is now threatening to take out the bear market lows hit in late January. USO -2.8%
    | 21 Comments
  • Fri, Mar. 13, 7:55 AM
    • Goldman now has the most bearish of the major bank euro (NYSEARCA:FXE) forecasts after slashing its year-end expectation for the currency to $0.95 from $1.08 at its January forecast. By the end of 2016, Goldman sees the euro at $0.85, and all the way to $0.80 by 2017's close.
    • The euro's all-time low of $0.8225 was touched in October 2000.
    • At the heart of the forecast are the divergent growth outlooks for the U.S. and EU, and the resultant divergent monetary policies of the Fed and ECB.
    • The euro's off 0.45% today to $1.0584, not far above a 12-year low of $1.0494 hit yesterday.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 2 Comments
  • Thu, Mar. 12, 9:46 AM
    • The central bank bought about €10B worth of bonds with an average maturity of nine years in the first three days of its asset purchase program, according to board member Benoit Coeure.
    • The ECB plan is for €60B per month in purchases through at least September 2016.
    • He calls the recent volatility (mostly down) in the euro of late transitory due to investors wrapping their heads around how the ECB QE program is working.
    • The euro (FXE +0.9%) is on the move to the upside today.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Thu, Mar. 12, 4:27 AM
    • The euro eased after falling to fresh 12-year lows against the dollar today, as the ECB's stimulus program continued to weigh, while investors looked ahead to U.S. economic reports later in the session.
    • Hitting its weakest since March 2003, the euro fell to $1.0495 before pulling back to trade at $1.0624, 0.7% higher for the day.
    • The U.S. will release data on retail sales and jobless claims this morning, which will be closely watched for further indications on the direction of monetary policy.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 3 Comments
  • Wed, Mar. 11, 4:34 AM
    • The euro fell to a fresh 12-year low on Wednesday, extending a broad decline just days after the ECB launched its €1T bond-buying program, while the dollar index soared to its highest in more than 11 years at 98.95, buoyed by expectations that the Fed could soon lift U.S. interest rates.
    • Nearly all now believe the FOMC will remove the word "patient" from its policy statement after its March 17-18 meeting, opening the door for a rate increase in June.
    • The euro is -0.4% at $1.0652.
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Dollar ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    | 10 Comments
  • Tue, Mar. 10, 2:20 AM
    • The euro continued its decline on Tuesday, hitting a new 12-year low against the dollar, as Dallas Fed President Richard Fisher reiterated that the U.S. should promptly end its easy monetary policy and press ahead with an interest rate increase.
    • So far this month, the euro has dropped more than 400 pips, or 3.63% against the dollar.
    • The currency also felt pressure from lower euro zone debt yields after the ECB launched a €1T bond buying program yesterday.
    • The euro is -0.5% to 1.0793.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Mon, Mar. 9, 6:14 AM
    • Looking to stimulate the eurozone economy and avert the threat of deflation, the ECB began its €60B per month QE program today by buying German government bonds, Bloomberg reports quoting two traders in government debt.
    • While European equities slipped, eurozone yields held steady, and the euro added 0.6% to $1.0903 to regain some ground after its slide to an 11-year low last week.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Fri, Mar. 6, 9:07 AM
    | 1 Comment
  • Thu, Mar. 5, 8:56 AM
    • As expected, the ECB lifts its EU GDP growth forecasts for 2015 and 2016 to 1.3% and 1,9%, respectively, but expects inflation to remain negative in the months ahead.
    • The €60B per month QE program of sovereign bond purchases is set to begin on Monday. It's expected to continue until the end of Sept. 2016, or until the central bank sees a sustained upward adjustment in the path of inflation.
    • Market reaction: The euro (NYSEARCA:FXE) is all over the place, but currently down 0.25%, and the Stoxx 50 (NYSEARCA:FEZ) is at session highs, up 0.9%. Peripheral bond yields are on the way down, with Spain's (NYSEARCA:EWP) 10-year lower by five basis points to 1.32%, and Italy's (NYSEARCA:EWI) also by five to 1.35%.
    • Previously: ECB stays on hold, press conference coming (March 5)
    • Previously: ECB to raise growth forecasts, lower inflation projections (March 5)
    | 2 Comments
  • Thu, Mar. 5, 4:06 AM
    • The ECB is expected to focus on improved growth prospects when it meets today, and unveil some details of its 1T+ euro bond buying plan.
    • The bank is expected to keep interest rates on hold and lift growth forecasts after a string of positive data surprises. But with inflation at -0.3% in February, the bank could reverse its 0.7% inflation forecast for 2015 and predict deflation.
    • Markets will also be looking for guidance for on how quantitative easing will work, when the buying will start, whether it applies to paper with negative yields and how the purchases will be distributed along the yield curve. The ECB previously said money printing would last until September 2016 at least.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR, VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, SBEU, DBEZ, FEUZ
    | 2 Comments
  • Wed, Mar. 4, 6:22 AM
    • European shares reversed earlier gains this morning following a final estimate of a closely-watched survey of the region's services and manufacturing sectors.
    • The composite reading of Markit's PMI came in at 53.3 in February, weaker than a preliminary reading of 53.5.
    • Crashing through support levels that have held for more than a month, the euro headed to a six-week low today under pressure from the ECB's launch of quantitative easing.
    • The euro is -0.5% at $1.1118.
    • FTSE 100 -0.3%; DAX -0.3%; CAC 40 flat; Euro Stoxx 50 -0.1%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 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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