|Bid||106.08 x 1000|
|Ask||109.12 x 1000|
|Day's Range||105.72 - 106.28|
|52 Week Range||100.64 - 108.57|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-0.43%|
|Beta (5Y Monthly)||0.25|
|Expense Ratio (net)||0.40%|
There is $250 trillion of debt in the world, much of it denominated in dollars and much of that held outside the US, observes Michael Murphy, editor of New World Investor.
Europe-related ETFs are gaining momentum, with Eurozone markets hitting new highs as the banking sector led the charge, amid a broader global rally. The iShares MSCI Europe Financials ETF (NASDAQ: EUFN), ...
Weighing on the euro currency, the Eurozone's deeply negative rates, expectations of further easing out of the European Central Bank, ongoing global trade war and relatively high-yield U.S. assets have all taken their toll, the Wall Street Journal reports. Salman Ahmed, chief investment strategist at Lombard Odier IM, warned of the possibility of the exchange rate reaching $1 to the euro, or parity, especially if Eurozone governments fail to raise spending to counteract the slowdown since the ECB has less room to ease. “The fact that the ECB can’t lower rates from here means they can’t support the economy,” Emiel van den Heiligenberg, head of asset allocation at Legal & General Investment Management, told the WSJ.
The ECB turned dovish as expected in its September meeting by re-launching QE measures and cutting rates. These ETFs could gain/lose on the latest ECB move.
Europe-related ETF gathered momentum Thursday after the European Central Bank cut key deposit rates and hinted at further supporting the Eurozone economy through accommodative measures. On Thursday, the ...
Currency ETFs are reflecting investors' uncertainty in the face of heightened volatility after China's decision to let its yuan currency break through a key level in response to an escalating trade war with the U.S. On Monday, Beijing allowed its yuan to break above the 7 per dollar level for the first time in 11 years, which many interpreted as a direct response to President Donald Trump's threat of additional tariffs, Reuters reports. China's willingness to allow its currency to offset the impact of a year-long trade spate is seen as a new step in the ongoing trade war.
Draghi Decides on Euro Printing Magnitude Today Could the euro (NYSEARCA:FXE) get crushed today? Could be. It’s Mario Draghi’s last few months as head of the money-printing central nervous system of Europe, the European Central Bank, a name they came up with out of sheer creativity. Today’s meeting of the governing council of the bank […]The post Market Morning: Draghi On the Dockett, Johnson Makes Moves, Boeing Bashed, Tesla Tanks appeared first on Market Exclusive.
The Invesco CurrencyShares Euro Currency Trust (NYSEArca: FXE) is off nearly 2% year-to-date and some foreign currency market observers see more downside ahead for the common currency. Recently, European ...