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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • 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
    | Comment!
  • 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
  • Jun. 17, 2014, 3:41 AM
    • The European Central Bank's monetary easing earlier this month has spelled trouble for the euro, and analysts say a sentiment shift has attributed further weakness. After hitting a 2-1/2 year high hit in early June, the euro has declined over 3%, due in part to the ECB's negative interest rates, and cut to its main lending rate.
    • Carry trades, which borrow money in a currency that is backed by a low interest rate to fund investments in higher-yielding assets, have also increased using the euro.
    • Both the ECB's monetary easing and carry trades have been main factors in causing a declining euro. Data released last week shows the net short position for the euro/dollar reaching its highest level since late May 2013.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
  • Jun. 5, 2014, 10:35 AM
    • Interesting action in the markets finds most doing a complete reversal of their knee-jerk response following the ECB rate cut and early part of the Draghi press conference (where he seemed to be laying the groundwork for QE).
    • The euro (FXE) has turned around more than 100 pips and gone green on the session. Germany's DAX (EWG) and London's FTSE (EWU) have turned lower, though the periphery (EWI, EWP) is hanging on to gains. The 10-year Treasury yield - which jumped to 2.64% - has returned to 2.59%. TLT -0.1%, TBT +0.2%
    • Showing little reaction in the immediate aftermath of the ECB action, gold is now moving noticeably higher at $1,253 per ounce. GLD +0.75%
    • Previously: Negative rates not the end of moves for the ECB
    | 10 Comments
  • Jun. 5, 2014, 8:42 AM
    | 32 Comments
  • Jun. 5, 2014, 7:55 AM
    | Comment!
  • Jun. 3, 2014, 5:48 AM
    • Euro zone flash inflation data for May is due today, with the consensus being a 0.7% rise year-on-year. The numbers are expected to detail decreasing price pressures in the region and reinforce the case for a heavy monetary stimulus from the European Central Bank.
    • Barclays, RBS and JPMorgan predict an annual inflation reading of 0.5%, which is far below the European Central Bank's target of near or just below 2%. A softer reading will also boost the chances of the ECB loosening it's policy towards negative deposit rates when it meets on Thursday.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • May. 15, 2014, 5:10 AM
    | Comment!
  • May. 15, 2014, 2:08 AM
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  • May. 13, 2014, 7:11 AM
    • Germany's Bundesbank is willing to support significant ECB stimulus if the latter's inflation forecasts for the period through 2016 are lowered, the WSJ reports.
    • Measures could include a negative rate on bank deposits and purchases of packaged bank loans as the Bundesbank lends its weight to the battle to stop low inflation becoming permanent and even becoming deflation. However, the bank is still resistant to large-scale purchases of public and private debt.
    • Still, the Bundesbank's readiness to counter stimulus marks a departure from its traditionally strong opposition to such action.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, EU, EPV, EZU, HEDJ, DRR, FEU, FEP, UPV, EUFX, ULE, ADRU, FEEU, URR, EURL, EURZ, FIEU, DBEU
    | Comment!
  • May. 9, 2014, 2:09 AM
    • Germany's exports fell 1.8% on month in March after dropping 1.3% in February and missed forecasts for a rise of 1%.
    • Imports declined 0.9% vs +0.4% and +0.5%.
    • The trade surplus slipped to €14.8B from €15.8B and missed consensus of €16.6B.
    • The current account surplus increased to €19.5B from €13.8B.
    • The euro gives back earlier gains and is flat at $1.38349, while DAX futures are +0.1%. (PR)
    • ETFs: FXE, EUO, EWG, ERO, DRR, BUND, EWGS, EUFX, ULE, GERJ, DBGR, BUNL, DXGE, URR, FGM, BUNT, GGOV
    | 1 Comment
  • May. 8, 2014, 9:37 AM
    • The euro slides from its highest level in two years after ECB President Draghi - speaking at the post-policy meeting press conference - says board members are comfortable taking additional policy action in June if necessary.
    • Nearly touching $1.40 to the dollar following the ECB standing pat at this month's meeting earlier today, the euro has tumbled back to $1.3890.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
FXE vs. ETF Alternatives
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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