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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • Fri, Jun. 12, 5:09 AM
    • Bund yields fell again today as investors rediscovered the safe-haven appeal of German debt after the IMF walked out of Greek negotiations.
    • "It's a reaction to the IMF withdrawal...a classic risk-off pattern," said Christian Lenk, a strategist at DZ Bank. "No-one really knows what's going on there. The poker game continues."
    • Ten-year Bund yields, which set the standard for euro zone borrowing costs, fell 4 bps on the day to 0.86%. The euro is also down on the news, tumbling 0.9% to $1.1162.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR, BUNL, BUNT, GGOV
    | 1 Comment
  • Fri, Jun. 5, 8:47 AM
    | Comment!
  • Wed, Jun. 3, 9:04 AM
    • Apparently they've got whisper numbers at the ECB as Mario Draghi says Europe's economic recovery is on track with the bank's projections, but that the bank was hoping for something stronger than its forecasts.
    • Webcast
    • As for the recent strong read on core CPI, Draghi says the ECB is more concerned with trends and will look through near-term fluctuations. The bank did hike its 2015 inflation forecast to 0.3% from flat, but 2016 is unchanged at 1.5% and 2017 is unchanged at 1.8%.
    • The GDP growth outlook for 2015 and 2016 is unchanged at 1.5% and 1.9%, respectively, while 2017 is trimmed to 2% from 2.1% (there's that economist sense of humor).
    • The euro (NYSEARCA:FXE) is active, but currently lower by just 0.2% to $1.1135.
    • European stocks (NYSEARCA:FEZ) have added to earlier gains, with Germany (NYSEARCA:EWG) and France (NYSEARCA:EWQ) leading the way, both ahead by 1.35%.
    • Previously: ECB leaves policy on hold (June 3)
    • 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
    | 4 Comments
  • Tue, Jun. 2, 12:52 PM
    • A rise in core European inflation to 0.9% in May from 0.7% a month earlier has set off a 2.5% rally in the euro (NYSEARCA:FXE) and soaring bond yields across the Continent.
    • The German 10-year Bund yield is up 18 basis points to 0.72%, the Italian 10-year is up 17 bps to 2.12%, and the Spanish 10-year is up 14 bps to 2.05%. In the U.K., 10-year Gilts are higher by 13 bps to 2.00%.
    • The action has set off a big move in the 10-year U.S. Treasury yield, up eight bps on the session to 2.26%. TLT -1.45%, TBT +2.9%
    • ETFs: TBT, TLT, TMV, TBF, EDV, TMF, EU, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, BUNL, TENZ, LBND, BUNT, GGOV, DLBL, TYBS, VUSTX
    | Comment!
  • Tue, Jun. 2, 6:17 AM
    • Euro-area consumer prices rose for the first time in six months in May, suggesting that the ECB's trillion-euro stimulus program has brought rapid results.
    • Following a flat reading in April, eurozone inflation rose 0.3% last month, while core prices (excluding energy and unprocessed food) climbed 0.9%, accelerating from 0.7% in April.
    • The ECB's governing council will meet in Frankfurt later this afternoon to discuss monetary policy.
    • Euro +0.9% to $1.1026.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 2 Comments
  • Mon, Jun. 1, 4:54 AM
    • The euro tumbled today after Greece missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and exit from the euro zone.
    • The chances for a deal aren't looking any better after Alexis Tsipras' comments on Sunday. Yesterday, the prime minister accused bailout monitors of making "absurd" demands and seeking to impose "harsh punishment" on Athens.
    • Greece is due to repay a €300M loan to the IMF on Friday and three additional payments, totaling about €1.25B, later in June.
    • The euro is -0.8% to $1.0898.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 5 Comments
  • Tue, May 26, 1:44 PM
    • Europe's dealing with the usual worries about Greece and weekend election gains by the anti-austerity party in Spain may have some wondering about contagion. The Stoxx 50 ETF (NYSEARCA:FEZ) is lower by 2.9% as Monday's loss across the pond combines with Tuesday.
    • This morning, a trio of economic reports - durable goods, home prices, and new home sales - beat expectations, giving another boost the greenback.
    • The dollar's higher by 1% vs. the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and aussie (NYSEARCA:FXA), and somewhat less vs. cable (NYSEARCA:FXB) and the Swiss franc (NYSEARCA:FXF). Buying ¥122.95, the greenback is at an 8-year high vs. the yen.
    • UUP +1.15%, UDN -1%
    • ETFs: UUP, UDN, FORX, USDU
    | 11 Comments
  • 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
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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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