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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • 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
    | Fri, Apr. 24, 4:36 AM | 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
    | Tue, Apr. 21, 4:09 AM | 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
    | Sun, Apr. 19, 7:45 AM | 61 Comments
  • Wed, Apr. 15, 8:59 AM
    | 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
    | Wed, Apr. 15, 3:45 AM | 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
    | Tue, Apr. 14, 9:54 AM | 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
    | Mon, Apr. 13, 4:27 AM | Comment!
  • Fri, Apr. 10, 4:14 PM
     
    | 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
    | Fri, Apr. 10, 6:17 AM | 1 Comment
  • Tue, Apr. 7, 11:49 AM
    • The dollar (UUP, UDN) has slumped 3.8% vs. the euro (NYSEARCA:FXE) over the past few weeks - likely a combination of profit-taking by those short euros and ideas the Fed will wait longer-than-expected before hiking rates. Among those maybe ringing the register is Ray Dalio's Bridgewater Associates - up a whopping 14% in Q1, partly thanks to a sizable short bet on the euro.
    • "The market is now pricing in a very subdued pace of the tightening cycle - we disagree," says ING's Petr Krpata. "We just see the latest correction as a perfect opportunity to get into the trade again."
    • ING was one of the first houses to forecast euro/dollar parity this year, and is sticking by its year-end forecast of $0.95.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, UUPT, FORX, UDNT, EUFX, USDU, ULE, URR
    | Tue, Apr. 7, 11:49 AM | Comment!
  • Fri, Apr. 3, 8:49 AM
    | Fri, Apr. 3, 8:49 AM | 32 Comments
  • Wed, Apr. 1, 3:23 AM
    • If Greece ends up leaving the eurozone "it may not be a bad thing for the euro," Warren Buffett told CNBC, saying "it could be a good idea (in) several ways if everybody learns that the rules mean something."
    • The euro plunged to its largest quarterly fall on record in Q1, after Greece's latest package of proposed reforms was dismissed by lenders as more of a list of ideas rather than concrete plans.
    • The euro is +0.1% to $1.0746.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Wed, Apr. 1, 3:23 AM | 3 Comments
  • Tue, Mar. 31, 3:32 AM
    • The euro fell for a second day, heading for a fourth straight quarter of declines, amid concerns Greece will fail to reach an agreement with its European partners to unlock a fresh lifeline of €7.2B.
    • The currency is now down 0.6% at $1.0768 after sliding 0.5% on Monday - weakening 11% this year against the dollar.
    • Greece's creditors said yesterday that the reform plan the country submitted over the weekend fell short of the needed requirements.
    • Previously: Euro hit by Greek uncertainty (Mar. 30 2015)
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Tue, Mar. 31, 3:32 AM | 2 Comments
  • Mon, Mar. 30, 4:58 AM
    • After pulling away from a 12-year trough the last two weeks, the euro fell to as low as $1.0830 (-0.6%) this morning, hurt by the uncertainty of whether Greece would be able to strike a deal with its creditors before it runs out of cash.
    • After sending a list of reforms to bailout monitors late last week, both sides held lengthy talks over the weekend, with Greece pledging to finalize the list by Monday.
    • The proposals include measures to increase tax revenue and investment, and would raise some €3B, according to Greek officials.
    • Athens' ATG stock index -1.1%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Mar. 30, 4:58 AM | 7 Comments
  • Thu, Mar. 26, 12:08 PM
    • "The underlying factors driving this trend [lower] are still there," says Marvin Barth, European head of FX strategy at the bank, noting the EU's large output gap has gone nowhere, thus depressing return on capital, especially when compared to the U.S.
    • He also takes note of the ECB's commitment to hold rates near zero as facilitating the euro's (NYSEARCA:FXE) use as a funding currency, though the borrowing is not being used to invest in the European economy.
    • Barclays moves up its forecast for euro/dollar parity by three months to Q3 of this year.
    • The euro's lower by 0.4% today to $1.0920.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Thu, Mar. 26, 12:08 PM | Comment!
  • Mon, Mar. 23, 10:23 AM
    • The momentum of the economic recovery was too weak prior to QE, says Mario Draghi, testifying before a European parliament committee. Now, he says, the economy is benefitting from not just QE, but cheaper energy prices, and the declining euro.
    • Inflation, he says, is expected to be low and even negative in the months ahead, but should start to gradually increase towards year-end.
    • The euro (FXE +1.2%) is up to $1.0943, with the bounce over the past few sessions effectively wiping out March's steep losses.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Mar. 23, 10:23 AM | 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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