|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||113.58 - 113.84|
|52 Week Range||100.46 - 116.39|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
The euro-dollar pair (FXE) closed the week ending November 3 at 1.1609 against the US dollar (UUP). Worries about a possible escalation of tensions in Spain’s Catalonia region proved futile.
The US dollar index (UUP) remained supported last week despite a dovish FOMC statement and a lower-than-expected rise in monthly non-farm payrolls.
The European Central Bank announced two weeks ago it would cut the level of bonds it purchases every month but extend the length of time it would continue to buy them. Since movements in the dollar are usually the inverse of movements in the euro, it was clearly the euro weakness after the ECB announcement that triggered the dollar’s breakout. The dollar also looks strong against other currencies in the basket, including the Japanese yen (13.6% weight), Canadian dollar (9.1%), Swedish krona (4.2%), and Swiss franc (3.6%).
Since the Japanese election results, the Japanese yen has depreciated. The Bank of Japan is expected to continue the accommodative policy.
On a year-over-year basis, the Eurozone Inflation (VGK) (IEV) (EZU) Index stood at 1.5% in September 2017, the same as in August 2017.
The reduction to the ECB's bond-buying program will likely have a mixed impact on the bond markets of countries in the European Union.
In the ECB's (European Central Bank) October policy meeting, its laid out its plans for the QE (quantitative easing) program.
The conflict between Spain and Catalonia secessionists reached a boiling point this week when Spain declared it will be invoking Article 55 of its constitution for the first time, allowing Madrid to take ...
The euro-dollar (FXE) pair closed the week ending October 13 at 1.1822 against the US dollar (UUP). The shared currency managed to rebound from an 11-week low the week before, affected by political turmoil ...
Even amid calls for the common currency to pullback, the CurrencyShares Euro Currency Trust (NYSEArca: FXE), which tracks the euro’s price movements against the dollar, continues defying skeptics. FXE ...
It's possible that political pressures could keep the euro under pressure as the economic calendar remains light in the Eurozone.
The US Dollar Index (UUP) closed at 93.64 last week, a gain of 0.82% and the fourth consecutive weekly rise. The dollar didn't react to a loss of 33,000 jobs in September.
The euro-dollar (FXE) closed the week ending September 29 at 1.1814 against the US dollar (UUP). German election results had a minor negative impact on the shared currency.
The US dollar (UUP) was being written off before the beginning of September, as the Fed was expected to stay on hold and other major central banks were expected to start…