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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • Fri, Jan. 16, 11:15 AM
    • There's a lot of talk about the carnage resulting from the SNB's move yesterday to drop the euro peg, but - outside of Switzerland - Europe is rallying for a 2nd consecutive session.
    • First, the Swiss move has led to a sharply weaker euro, not just against the franc, but vs. the dollar, pound, and yen. Second, the SNB likely dropped the peg after realizing - whether by friendly phone call from Frankfurt or otherwise - that the ECB is set to launch a massive QE program next week.
    • The Stoxx 50 (NYSEARCA:FEZ) is up another 1.6% today, with Germany's (NYSEARCA:EWG) DAX up 1.5% to an all-time high, France (NYSEARCA:EWQ+0.9%, Italy (NYSEARCA:EWI+1.8%, Spain (NYSEARCA:EWP+0.5%, and the U.K. (NYSEARCA:EWU+1.1%.
    • Parity here we come? The euro (NYSEARCA:FXE) is down another 1% vs. the dollar to just $1.1509.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Previously: Europe liking SNB's cutting the euro loose (Jan. 15)
    | 5 Comments
  • Thu, Jan. 15, 10:32 AM
    • Europe initially knee-jerked lower on the SNB's shock decision to abandon the CHF 1.20 floor for euro/franc, but has since turned sharply higher as investors mull the salutary effects of a much cheaper euro, now down 1.4% vs. the greenback and 12.8% vs. the swissie. FXE -1.4%
    • The Stoxx 50 (NYSEARCA:FEZ+2.3%, Germany (NYSEARCA:EWG+2.2%, France (NYSEARCA:EWQ+2.5%, Italy (NYSEARCA:EWI) +2.8%, Spain (NYSEARCA:EWP+1.5%. The U.K. (NYSEARCA:EWU) - where the pound (NYSEARCA:FXB) is lower by 0.3% vs. the dollar and 11.8% vs. the franc - is ahead by 1.5%.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Previously: Swatch boss: "Tsunami" just hit Swiss exporters (Jan. 15)
    | 1 Comment
  • Thu, Jan. 15, 6:18 AM
    • The Swiss National Bank unexpectedly scrapped its cap on the franc today to fight recession and deflation threats after investors fleeing the euro zone crisis pushed the currency to record highs.
    • Minutes after the announcement the franc had soared by almost 30% in value against the euro, sending the safe-haven currency crashing through the 1.20 per euro limit it introduced on Sept. 6, 2011.
    • The euro is now down 13.9% against the franc at $1.0345.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 2 Comments
  • Tue, Jan. 13, 3:29 PM
    • Pimco joins the increasingly sizable crowd expecting the euro (NYSEARCA:FXE) to reach parity with the greenback. Speaking on Bloomberg, Richard Clarida notes the euro - even in the EMU's darkest days in 2011 and 2012 - never fell below $1.1837, but we're through there now. "My own view is the next technical is parity," he says (without giving timing).
    • At heart of the fundamental reasons for the forecast is Clarida's expectation the ECB will introduce a sizable QE program this month.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Fri, Jan. 9, 3:09 PM
    • Revising its forecast for a number of currency pairs to reflect what it believes will be a prolonged run  higher for the dollar, Goldman sees the euro (NYSEARCA:FXE) reaching parity with the greenback by Jan. 2017, and falling to as low as $0.90 a year later.
    • One other notable move is for the aussie (NYSEARCA:FXA), and the team now expects it to weaken to $0.75 by year's end vs. the previous forecast of $0.79. Alongside that expectation, naturally, is the forecast that commodity prices will continue to weaken.
    • U.S. dollar ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    | 2 Comments
  • Thu, Jan. 8, 3:18 PM
    • The team at ING was more bearish than most on the euro (NYSEARCA:FXE) last year, helping it to the top of Bloomberg's ranking of forex analysts as the common currency closed the year buying $1.20 vs. about $1.37 at 2014's start.
    • The bank's uber-bearish view is unchanged in the new year, and the combination of ECB easing and Fed rate hikes in 2015 has ING seeing the euro dropping all the way to $1, far below the median estimate in a Bloomberg survey.
    • ING's currency strategy chief Chris Turner believes the ECB will announce QE at its Jan. 22 meeting, and then outlining details on March 5. As for the Fed, it should start raising rates by June - earlier than what the market is expecting.
    • The euro is lower by 0.45% on the session to $1.1787.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Thu, Jan. 8, 3:48 AM
    • European stocks are climbing higher following a strong Asian session, after yesterday's strong U.S. private sector jobs data and ECB stimulus hopes.
    • German factory orders fell by 2.4% M/M in November, far surpassing economists' expectations of a 0.7% drop, further bolstering the case for additional stimulus.
    • The euro is now $1.1808 vs. the dollar, after sinking as much as 0.7% yesterday to $1.1802, its weakest price since Jan. 2006,
    • FTSE 100 +1.3%; DAX +1.3%; CAC 40 +1.7%; Euro Stoxx 50 +1.7%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
  • Wed, Jan. 7, 6:41 AM
    • Pushing the ECB closer to bolder policy stimulus as it fights to revive inflation, consumer prices fell in the eurozone for the first time since 2009, contracting by 0.2% Y/Y in December.
    • The euro is now $1.1826 vs. the dollar, a fresh nine-year low.
    • Investors are also getting ready for FOMC minutes today, which will be watched closely for further signals as to when interest rates will be increased.
    • FTSE 100 +0.9%; DAX +1%; CAC 40 +1.1%; Euro Stoxx 50 +1%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Wed, Jan. 7, 3:47 AM
    • The euro slid to a fresh nine-year low today, sinking as much as $1.1842 against the dollar, as investors braced for data today which will likely show December consumer prices in the euro zone falling for the first time in more than five years.
    • The figures could push the ECB closer to bolder policy stimulus as it fights to revive inflation.
    • Euro is now -0.2% at $1.1868.
    • FTSE 100 +0.6; DAX +0.5; CAC 40 +0.7; Euro Stoxx 50 +0.5.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Tue, Jan. 6, 5:01 AM
    • "The euro zone will look upon 2014 as a year in which recession was avoided by the narrowest of margins," announced Markit's Chris Williamson.
    • Markit's final December Composite PMI missed an earlier flash reading of 51.7, coming in at 51.4, but beat November's 16-month low of 51.1.
    • "The weakness of the PMI in December will add to calls for more aggressive central bank stimulus, including full-scale quantitative easing, to be undertaken as soon as possible," added Williamson.
    • The euro is -0.2% at $1.1908.
    • DAX -0.2; CAC 40 -0.5; Euro Stoxx 50 -0.2.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
  • Mon, Jan. 5, 4:29 AM
    • European stocks are mostly in the red, as fears over Greece's future in the euro zone and a fresh multi-year low for oil prices weighed on markets.
    • Investors will be watching for data this week that is forecast to show December consumer prices in Europe falling for the first time in five years, adding to the argument for Mario Draghi to extend stimulus.
    • The euro fell to $1.1861 on Sunday night, its weakest level since March 2006, as investors bet on the quantitative easing. The common currency last traded at $1.1949.
    • FTSE 100 -0.5; DAX flat; CAC 40 flat; Euro Stoxx 50 -0.2.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 5 Comments
  • Sun, Jan. 4, 5:37 PM
    • Euro drops as low as $1.1864 vs. dollar, lowest since 2006, in early overnight trading.
    • Currently trading at $1.1941, -0.6% vs. Jan. 2 close.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 7 Comments
  • Sun, Jan. 4, 4:12 PM
    • Germany wants Greece to stay in the euro zone, and there are no contingency plans to the contrary, Vice Chancellor Sigmar Gabriel says.
    • The remarks are an implicit response to an earlier report that Berlin considers "Grexit" almost unavoidable if the left-wing Syriza opposition party wins Greece's election. Syriza wants to cancel austerity measures and a chunk of Greek debt.
    • Peter Bofinger, an economic adviser to the German government, also warned against Grexit: "There would be many high risks for the stability of the euro zone with such a step. It would let a genie out of the bottle that would be hard to control."
    • Source: Reuters
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR
    | 6 Comments
  • Sun, Jan. 4, 5:15 AM
    • Both Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble believe the euro zone has implemented enough reforms since the height of the regional crisis in 2012 to make a potential Greece exit manageable, said Der Spiegel magazine on Saturday.
    • According to the report, the German government considers a Greece exit almost unavoidable if the left-wing, anti-austerity party Syriza led by Alexis Tsipras wins an election set for Jan. 25.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR
    | 109 Comments
  • Fri, Jan. 2, 5:33 AM
    • Eurozone manufacturing PMI remained subdued in December (below a flash estimate of 50.8) at 50.6, but above November's 16-month low of 50.1.
    • "Euro zone factory activity more or less stagnated again in December," says Markit. "The weakness of factory output, combined with the subdued service sector growth signaled by the flash PMI, suggests the eurozone economy grew by just 0.1% percent in the fourth quarter."
    • France and Italy's manufacturing sector continued to shrink in December, although Germany's figure was in line with earlier flash estimates at 51.2, as more new orders helped lead a return to growth.
    • The new data is yet another sign toward Mario Draghi announcing QE at the ECB's next policy meeting.
    • Euro Stoxx 50 index is -0.2%, while the euro is -0.5% at $1.2044.
    • ETFs: FXE, VGK, EUO, FEZ, EWP, EWI, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, EUFX, UPV, ITLY, ULE, FEP, ADRU, URR, ITLT, FEEU, FIEU, DBEU
    | 1 Comment
  • Fri, Jan. 2, 3:11 AM
    • The euro is starting the new year at 29-month lows after the head of the European Central Bank fanned expectations it would take bolder steps on stimulus this month.
    • The currency sank as far as $1.2050, a level not seen since mid-2012, while the dollar notched up a near nine-year peak against a basket of major currencies following its best year since 2005.
    • The ECB council meets on Jan. 22 to decide if it will start buying sovereign debt.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, UUPT, FORX, UDNT, EUFX, USDU, ULE, URR
    | 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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