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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • Yesterday, 8:42 AM
    | Yesterday, 8:42 AM | 13 Comments
  • Wed, Aug. 26, 8:50 AM
    • ECB Governing Council member Peter Praet earlier said the crash in commodity prices and slowdown in overseas economies put the central bank at risk of missing its inflation target on the downside. "There should be no ambiguity on the willingness and ability of the governing council to act if needed."
    • The euro (NYSEARCA:FXE) is lower by 1% to 1.1370. The dollar index (NYSEARCA:UUP) is ahead by 1%.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, FORX, USDU, EUFX, ULE, URR
    | Wed, Aug. 26, 8:50 AM | 2 Comments
  • Fri, Aug. 21, 11:12 AM
    • The October Fed Funds futures contract is edging higher again today, and at 99.79 is just seven basis points lower than the August contract - meaning less than a one-in-three chance of a 25 basis point rate hike in September. The January contract is up to 99.675, putting the odds of a 25 point move anytime this year at just 75%.
    • One has to go all the way out to August 2016 to see 50 basis points of rate hikes priced in.
    • Alongside the reduced expectations of tighter policy, the dollar (UUP -0.8%), (UDN +0.6%) has fallen to a two-month low. For all the talk about "king dollar" this year, the greenback has been in a fairly clear downtrend since the start of the spring. It's still up about 3.5% on the year.
    • As for today's action, the biggest gainers vs. the dollar are the euro (FXE +1.1%), yen (FXY +0.9%), and swissie (FXF +0.6%).  Still losing ground are the commodity currencies - the loonie (FXC -0.7%) and aussie (FXA -0.2%).
    • ETFs: UUP, UDN, FORX, USDU
    | Fri, Aug. 21, 11:12 AM | 12 Comments
  • Wed, Aug. 12, 7:25 AM
    • China was forced to intervene to support the tumbling yuan overnight, and at day's end set Wednesday's reference rate for the currency based on its closing level today. In the past, Beijing had ignored market moves and set the reference rate higher on days when markets sold it lower.
    • Last night's move is thus - more or less - a 2nd devaluation of the currency (really a freeing up of the currency). The yuan is now lower by 2.8% since Monday's close.
    • The bottom line is that Europe now has competition in the weak currency business - something its shaky economy probably doesn't need at the moment.
    • The Stoxx 50 (NYSEARCA:FEZ) is lower by 2.3%, bringing its losses for the week to about 4%. Germany (NYSEARCA:EWG) is down 2.4%, France (NYSEARCA:EWQ2.3%, Spain (NYSEARCA:EWP1.6%, Italy (NYSEARCA:EWI2%, and the U.K. 1.2%.
    • The euro (NYSEARCA:FXE) is up 1% vs. the dollar to $1.1151.
    • 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, HGEU, HFEZ
    | Wed, Aug. 12, 7:25 AM | 12 Comments
  • Fri, Jul. 24, 4:16 PM
    | Fri, Jul. 24, 4:16 PM | 1 Comment
  • Thu, Jul. 16, 8:54 AM
    • To no one's surprise, the ECB earlier left rate unchanged, but markets have been awaiting Mario Draghi's press conference, which has just gotten underway. At issue is whether the ECB will boost emergency liquidity assistance for Greek's banks. Without an increase in ELA, there's no way for Greek banks to reopen (they've been closed nearly two weeks) while remaining in EMU.
    • Again to no one's surprise, Draghi has delivered - saying conditions have been sufficiently restored to allow the ECB to raise the ELA limit.
    • The Stoxx 50 (NYSEARCA:FEZ) has moved a little higher in the past few minutes, now up 1.8% on the session.
    • The euro (NYSEARCA:FXE) is at its session low, down 0.75% to $1.0867.
    | Thu, Jul. 16, 8:54 AM | 7 Comments
  • Tue, Jul. 7, 10:42 AM
    • Greek government officials arrived at today's meeting of European finance ministers without a new proposal, according to the FT, shocking the group and angering some in the room.
    • One Eurogroup source says Greece instead will present its latest gambit tomorrow directly to the Troika. Another source says the Greek officials presented an outline of a plan to the Eurogroup, but written materials were still being worked on. A Greek official says his government presented the same plan from last week that's already been rejected.
    • In any case, the eurocrats don't seem pleased. Europe has taken a new leg down, led by France's (NYSEARCA:EWQ1.5% decline. Germany (NYSEARCA:EWG) is off 1.4%, Italy (NYSEARCA:EWI) and Spain (NYSEARCA:EWP1.3%. The Stoxx 50 (FEZ -2.4%). Greece ETF (GREK -4.6%), National Bank of Greece (NBG -7.8%).
    • The euro (NYSEARCA:FXE) is lower by 1% to $1.0942.
    • Previously: Europe can't hold gains (July 7)
    | Tue, Jul. 7, 10:42 AM | 125 Comments
  • Mon, Jun. 29, 4:23 PM
    • Investors may think they have things figured out by buying dollars amid macro jitters, but that strategy had to be faded today. The dollar (UUP -0.6%) closed lower across the board, including a 0.3% decline vs. the euro (NYSEARCA:FXE) after having been about 1.5% higher in knee-jerk action reaction to Greece last night.
    • The dollar also lost 1.1% vs. the yen (NYSEARCA:FXY), 0.3% vs. the pound (NYSEARCA:FXB) and 0.6% vs the aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, FORX, USDU
    | Mon, Jun. 29, 4:23 PM | 5 Comments
  • Mon, Jun. 29, 8:25 AM
    • The euro (NYSEARCA:FXE) knee-jerked lower by 1.5% on Sunday night after Greece shut its banks and stock market, and imposed capital controls, but has now recouped nearly all of that decline.
    • Other asset markets - namely stocks and interest rates - are showing no such reversal.
    • Behind the move in the euro is the Swiss National Bank intervening to prevent appreciation of the franc (NYSEARCA:FXF), which is now just marginally higher on the session.
    • “It is currently a very difficult situation and we are observing developments very closely,” says SNB cheif Thomas Jordon, speaking at a conference. He declined to give details about the size of the bank's intervention, the first such move since the SNB in January threw in the towel on its floor on euro/franc.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Jun. 29, 8:25 AM | 5 Comments
  • Sun, Jun. 28, 6:41 PM
    • Following today's news on Greece, and with emergency aid to the country frozen, the euro has slipped 1.4%.
    • Major stock futures are also off 1.5%; Dow futures are down 271 points, while S&P 500 futures are off 35. Nikkei futures are off 500 points. 30-year bonds +2.5%.  Crude -1.5%. Nasdaq -1.6%.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR, DIA, DOG, DXD, UDOW, SDOW, DDM, UDPIX
    | Sun, Jun. 28, 6:41 PM | 93 Comments
  • Wed, Jun. 17, 2:19 PM
    | Wed, Jun. 17, 2:19 PM | 3 Comments
  • Fri, Jun. 5, 8:47 AM
    | 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
    | Wed, Jun. 3, 9:04 AM | 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
    | Tue, Jun. 2, 12:52 PM | Comment!
  • 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
    | Tue, May 26, 1:44 PM | 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
    | Fri, May 22, 8:55 AM | 3 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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