|Bid||0.00 x 3200|
|Ask||0.00 x 4000|
|Day's Range||23.85 - 24.03|
|52 Week Range||19.46 - 24.45|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
A widely anticipated European summit takes place in June 2018. Discover four ETFs to trade European equities and the euro, both long and short.
Global markets are again under pressure on Thursday amid ongoing uncertainty about the future of the eurozone amid the rise of anti-establishment parties in Italy and Spain.
Given the worsening politics, investors seeking to consider a near-term short on the country and its currency could bet on any of the following ETFs.
The euro currency and related exchange traded funds retreated as a political upheaval in Italy fuels concerns that the third-largest Eurozone member could pull out from the currency bloc. The C urrencyShares Euro Currency Trust (FXE) fell 1.1% Tuesday with the euro currency now trading around $1.1542, its lowest level in six months. “There’s an existential threat hanging over the single currency if we head into more elections this summer, I don’t know how we get away from that now, given the scale of the financial implications,” Kit Juckes, chief foreign exchange strategist at Société Générale, told the Wall Street Journal.
With the U.S. dollar appreciating against foreign currencies, currency traders and international investors can ride the wave or hedge against weakness in other areas through exchange traded funds. The ...
The ECB (European Central Bank) left its policy unchanged at its April meeting, squashing any hopes for tightening in the near term. In response to the ECB’s post-meeting statement, the euro-US dollar exchange rate edged lower and tested lows last seen in January. This reaction was surprising, as the ECB had indicated that it was optimistic about the economy.
At its April policy meeting, the ECB (European Central Bank) maintained the view that EU (European Union) inflation could eventually reach its 2% target. Recent inflation data has not been encouraging, with inflation falling to 1.1% month-over-month in February. March inflation data was mildly positive, with annual inflation (WIP) rising to 1.3%, mainly because of food price inflation. While the ECB previously projected that inflation would hit 2% in 2019, it has a long way to go before meeting that target.
In its September 7 policy meeting, the ECB (European Central Bank) said that currency appreciation or depreciation is not part of its current mandate.
In its September 7 policy meeting, the ECB (European Central Bank) left its policy measures unchanged, leaving interest rates at 0%.
The governing council of the European Central Bank (or ECB) is scheduled to meet on September 7 in Frankfurt, Germany. The meeting will be followed by a press conference.