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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • Sep. 4, 2014, 7:56 AM
    | Comment!
  • Sep. 4, 2014, 5:07 AM
    • All eyes are on the ECB's policy meeting today, which will decide whether an overvalued euro and tensions with Russia will lead to further stimulus measures.
    • Although most economists expect the ECB to keep interest rates on hold and refrain from large-scale QE at least for today, many banks predict that Mario Draghi may commit to buying ABSs.
    • Draghi previously announced at Jackson hole that the ECB's Governing Council will "use all the available instruments" to deliver price stability over the medium term.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Sep. 3, 2014, 7:46 AM
    • While most expect some sort of rate cut or maybe even a full-blown QE announcement from the ECB at their policy meeting tomorrow, Goldman takes a variant view and expects the central bank to do nothing despite recent weak economic readings.
    • “Unless there is a significant further shock to the euro-area economy, our economists expect the ECB to remain broadly on hold until the December meeting ... Moreover they continue to see the hurdle to implementation of sovereign QE as high, owing largely to the well-known institutional and political constraints in the euro area.”
    • The rate decision is due tomorrow at 7:45 ET. The euro has been heading south in recent weeks and - should Goldman's call prove correct - a sharp bounceback rally could be in order.
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
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  • Sep. 2, 2014, 9:15 AM
    • At issue as the euro (NYSEARCA:FXE) touches a one-year low and the yen (NYSEARCA:FXY) nears its weakest level of 2014 are expectations for the divergent paths of monetary policy. While the Fed is signaling a rise in interest rates by this point next year, the ECB is set to further ease policy this week and the BOJ isn't tightening any time soon.
    • Old news? CFTC data on futures positions show bearish bets against the euro have jumped to their highest level in more than two years, and those short the yen approaching peaks seen in 2013. Futures, of course, are a tiny slice of a vast foreign currency trading market.
    • ETFs: UUP, UDN, FORX, UDNT, UUPT, USDU
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  • Sep. 1, 2014, 7:05 AM
    • The Markit Eurozone Manufacturing PMI fell to 50.7 in August vs. 51.8 in July and against a preliminary estimate of 50.8. Looking at some individual countries, the PMI slipped to 51.4 from 52 in Germany - the lowest level in about a year; Spain continues growth at 52.8 (down from 53.9); Italy falls into contraction, at 49.8 from 51.9 in August.
    • "The slowdown in industry is likely to add further fuel to the fire for analysts expecting additional monetary or fiscal stimulus to be implemented," says Markit's Rob Dobson.
    • The euro is flat on the session at $1.31.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 6 Comments
  • Sep. 1, 2014, 5:13 AM
    • The euro hit a new one-year low this morning, falling as far as $1.3119 against the dollar, as worries of escalating violence in Ukraine kept the currency on the defensive ahead of the ECB policy meeting later this week.
    • The ruble also tumbled to a fresh low, as the dollar rose by 0.7% to 37.33 against the ruble in early trade. The plunge follows the European Commission President Jose Manuel Barroso's warning over the weekend that the situation in Ukraine was approaching "a point of no return."
    • Euro Stoxx 50 -0.2%; DAX -0.4%; FTSE 100 -0.3%; CAC 40 -0.5%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
  • Aug. 31, 2014, 9:56 AM
    • Stressing the need for additional measures to counter deflation, French PM Manuel Valls has announced that the ECB must take further action against the overvalued euro.
    • The announcement comes on the heels of the euro zone's inflation data for August, which displayed consumer prices rising just 0.3% Y/Y (well below the ECB's target of just below 2%).
    • Along with hints from Mario Draghi, the new figures are also boosting expectations that the central bank will soon announce further stimulus measures and will likely trigger lively discussion at the ECB's Sept. 4 policy meeting this week.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 3 Comments
  • Aug. 29, 2014, 6:40 AM
    • Euro zone inflation continued to fall in August, with consumer prices rising just 0.3% Y/Y, well below the ECB's target of just below 2%.
    • The new figures released by Eurostat boost expectations that the central bank will announce further stimulus measures, and will likely result in lively discussion at the ECB's Sept. 4 policy meeting next week.
    • At Jackson Hole last Friday, ECB President Mario Draghi also hinted at further stimulus measures.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 25 Comments
  • Aug. 27, 2014, 5:02 AM
    • Speculation of further policy easing from the ECB drove down the euro and bond yields to new lows this morning, with markets wagering that steps toward stimulus measures could come as early as next week.
    • Euro zone inflation data due on Friday is also likely to show a fresh low for this cycle of just 0.3% and add to the sense of urgency on policy.
    • The euro fell to an 11-month low of $1.3154 in Asia, taking it nearer to the Sept. 6 trough of $1.3104.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Aug. 25, 2014, 2:42 AM
    • Following the raised prospects of more policy easing from the ECB as early as next week, the euro plummeted this morning to its lowest level in nearly a year against the dollar.
    • The drop follows ECB President Mario Draghi's confirmation on Friday that the central bank is prepared to respond with all of its "available" tools should inflation drop further.
    • The euro dropped to $1.3185 in early trade, its lowest since September 2013, from around $1.3246 on Friday.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Aug. 20, 2014, 8:35 AM
    • Germany today raised just over €4B of two-year money, with the notes priced to yield 0.00%. Demand was strong, totaling nearly €8.3B.
    • The sale comes amid geopolitical risk and the slowdown in the European economy, bringing forth the possibility of further stimulus from the ECB.
    • This isn't the first time two-year borrowing costs have fallen so far. Amid the debt crisis two years ago, investors paid Germany to lend it money, accepting a negative 0.06% yield at an auction.
    • The euro is down 0.25% to $1.3288, it lowest level in about a year.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 2 Comments
  • Aug. 14, 2014, 6:46 AM
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  • Aug. 12, 2014, 7:20 AM
    • Germany's ZEW survey of economic expectations declined to 8.6 in August from 27.1 in July and vs. expectations for a print of 18. It's the eighth straight month of declines and the indicator has reached its lowest level since December 2012.
    • It's another data point painting a picture of a sharply slowing economy following an unusually strong Q1. Last month, the closely-watched Ifo survey indicator fell for the third consecutive month.
    • The euro (NYSEARCA:FXE) is lower by 0.3% to $1.3344, it's weakest level since November. It was just three months ago, the currency touched $1.40.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Germany's DAX is down 0.4%. EWG -0.5% premarket
    | 1 Comment
  • Jul. 24, 2014, 4:17 AM
    • France's Prime Minister Manuel Valls has declared that the EU should help member states carry out their reforms and stressed the overvaluation of the euro.
    • The French government is not alone. Many member states have been complaining about the strength of the euro and have called on both the ECB and governments to take action.
    • EU leaders related at a summit last month that they were ready to give euro zone countries time to consolidate their budgets as long as they continued with reforms.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Jul. 15, 2014, 3:50 AM
    • Mario Draghi is warning that that euro zone recovery is at risk with a strong euro and highlighted that large-scale purchases of public and private debt do fall within the ECB's mandate to keep inflation low and stable.
    • EU growth has been facing a difficult time with the appreciated exchange rate threatening price stability. The euro came close to the $1.40 level in recent months from 1.20 against the dollar in mid-2012.
    • Draghi has also urged EU member states to implement tougher structural reforms to boost economic development.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
  • Jul. 3, 2014, 8:50 AM
    | 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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