|Bid||27.1900 x 800|
|Ask||35.0000 x 800|
|Day's Range||28.9300 - 29.1181|
|52 Week Range||27.4600 - 34.0000|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.38%|
Horizons ETFs Management (US) LLC ("Horizons US"), announced the extension of the reduced expense ratio for the Horizons DAX Germany ETF (DAX) (“the fund”), which dropped from .45 percent to .20 percent. “Through the DAX ETF, investors across the board have access to a transparent and cost-effective way to take advantage of the growth potential within the German economy,” said Jonathan Molchan, Portfolio Manager and Head of Product Development at Horizons ETFs US. This news comes on the heels of Horizons’ Nasdaq 100 Covered Call ETF (QYLD) crossing $300 million in assets earlier this July.
German Chancellor Angela Merkel struck a last-minute immigration deal to hold her government together. Merkel and her interior minister Horst Seehofer of the Christian Social Union, one of Merkel’s coalition parties, reached an agreement on late Monday that kept him from resigning, the coalition from falling and Germany from going back to the polls. Seehofer had previously been an outspoken critic of Merkel’s handling of the European immigration influx.
Investors are focused on political developments in Germany on Monday, where Chancellor Angela Merkel and interior minister Horst Seehofer remain locked in a last-ditch effort to resolve their disagreements of migrant policy and save Germany’s current governing coalition.
Economic data released from the euro area remained upbeat as economic data that included German and French business activity was better than expected. The other major factor that drove the euro higher was the assurances by Italian politicians that their nation would stay within the European Union. European equity markets, which are tracked by the Vanguard FTSE Europe ETF (VGK), didn’t have the same enthusiasm as the euro, as new tariff threats to the European car industry from the Trump administration unnerved investors.
Last week, the euro-dollar (FXE) exchange rate moved below 1.16 for the first time in six months, driven lower by Italian and Spanish political uncertainty. With no mainstream party in the lead, Italy could face another election in a few months. The election could give a lead to populist parties, which is seen as a threat to Italian membership in the European Union. Similar uncertainty exists in Spain, with Spanish Prime Minister Mariano Rajoy facing a thrust vote on June 1.
The euro-dollar (FXE) exchange rate closed at 1.2 on May 11, with the euro depreciating by 0.13% against the US dollar (UUP). The euro’s slide was halted despite weaker-than-expected European data thanks to the US dollar taking a breather.
The euro-US dollar (FXE) exchange rate closed at 1.19 on May 7, with the euro depreciating 1.4% against the dollar (UUP) in May following a 2.0% decline in April. The resurgence of the US dollar, backed by rising US bond yields and continued economic expansion, led to decreased demand for the euro. The European Central Bank’s dovish stance at its recent meeting and weak economic data pressured the euro further.
The euro-dollar (FXE) exchange rate closed the week ending April 27 at 1.2131, depreciating 1.28% against the US dollar (UUP). This depreciation of the European currency was surprising to a few market participants, as there was no major disappointment in economic data or the ECB guidance. The European central bank or ECB left policy rates unchanged but was upbeat about the economic progress in the euro area.
The euro-US dollar (FXE) exchange rate closed the week ending April 20 at 1.23. The exchange rate depreciated 0.35% against the US dollar (UUP). The US dollar appreciated last week. The euro was stuck by weaker-than-expected economic data and dovish comments from German Bundesbank Chairman Jens Weidmann and European Central Bank Chairman Mario Draghi. Weidmann said that the first quarter growth in Germany wasn’t expected to be good. Draghi said that the Eurozone’s expansion cycle might have peaked.
The euro-US dollar (FXE) exchange rate closed the week ended April 13 at 1.2, with the euro appreciating 0.39% against the dollar (UUP). The European currency, which failed to capitalize on the weaker US dollar, was impacted by soft economic data and cautious comments from the ECB (European Central Bank). The ECB keeps pushing away any talk of tightening, leaving investors wanting more as the economy seems to be on a continued path of recovery.
The euro-dollar (FXE) exchange rate closed the week ending March 2, 2018, at 1.23. The major factors that drove the euro in the previous week were the election and political uncertainty in Italy and Germany. Over the weekend, Italy had a hung parliament verdict.
The euro-dollar (FXE) exchange rate closed the week ending February 23 at 1.23, depreciating by 0.91% against the US dollar (UUP). A mix of weak economic data and dovish European Central Bank minutes drove the euro lower against the US dollar. Last week, manufacturing and service sector activity was reported to have slowed across the Eurozone.
The euro was the best-performing currency among the G7 (Group of Seven) currencies. Most of them fell against the US dollar, which rebounded on the back of improved inflation expectations in the United States and a round of profit booking among currency traders. European equity markets (VGK), along with their global peers, moved lower last week.
The Euro–dollar (FXE) exchange rate remained above its three-year peak to close the week ended January 19 at 1.2222, appreciating by 0.29% against the US dollar (UUP). This appreciation of the euro occurred before the positive political development in Germany, in which Chancellor Angela Merkel was able to persuade Social Democrat party to enter a formal coalition. European equity markets (VGK) appreciated as the German DAX (DAX) gained ~1.4% for the week ended January 19.
The euro–dollar (FXE) pair closed 2017 at 1.1998. It appreciated by 13% against the US dollar and posted close to 10% gains against the other major global currencies.