BNET Industries
CurrencyShares Euro Trust (FXE) is in the Financial Services Industry
- Revenue
- Oct 31 2007
- $33.4M
- Profit
- Oct 31 2007
- $29.6M
- Market Cap
- Oct 03 2008
- $875.0M
Latest News and Analysis
Eurozone Divided By Banking Crisis
The Prudent Investor submits: Efforts by the French government to initiate a €300 billion bailout fund for troubled banks in the Eurozone will probably end in a stillbirth after Germany has reiterated its stance that it is not willing to bailout other banks. In an interview...
Stock Prices Could Move 'Faster Than the Speed of Light'
Macro Man submits: Although Macro Boy the Elder is only six years old, he knows that nothing other than certain properties of subatomic particles moves faster than the speed of light. Nothing, that is, except financial market sentiment and pricing, which is changing at literally unbelievable speed. News...
Interactive Brokers FX Summary
Can the mess become even messier? It seems that each new problem that a company faces quickly becomes a new risk to the market. The transmission between market risk and risk to the government or economy has never been any faster than it is today. Each rescue package, which would...
Lehman Fallout: HBOS and RBS in the Hot Seat
Edward Harrison submits: Don't think that it is just the US that has to worry about systemic risk. The Europeans have their own problems and the weaker financial institutions are getting absolutely killed in European trading right now. Royal Bank of Scotland RBS is down nearly 13%. But HBOS...
ETFs Simplify Currency Investing
Tom Lydon ETF Trends submits: ETFs dealing in currencies have given investors exposure to this area of the market that was previously a challenge to gain access to. Many investors, however, lack familiarity with the mechanics of the currency markets, reports Don Dion for Fidelity Adviser. What makes...
Whither the Dollar? Currency Trends and ETFs
Don Dion submits: For most investors who keep tabs on market trends, it’s no secret that the U. S. dollar has had a tumultuous year. On July 15, for instance, the venerable greenback sank to an all-time low against the euro, the currency of the 15-nation Eurozone. On...
Friday Outlook: Is Lehman Next?
David Fry ETF Digest submits: It’s hard to believe 7 years have passed since that sad day. But so it has. by David Fry
Markets Are 'Free Fallin'
Macro Man submits: Another day, another disappointing lack of collapse in European equity markets. While Macro Man is trying not to tick watch and remains firmly committed to the bear trade on a medium term basis, he has to concede that the lack of instant gratification has been frustrating...
Cummings and Donaldson: Sharply Falling Growth Stocks
Richard Gorton submits: The Yahoo Finance three month ongoing chart of Cummins Inc. CMI and Donaldson Company Inc. DCI, compared to the iShares Russell Midcap Growth Index IWP, shows that these two pollution control companies, exemplify the fall lower of growth stocks ... CMI, DCI and IWP The...
Thursday Outlook: Bad News Bear
David Fry ETF Digest submits: After reading this article yesterday, my blood was boiling. Do you think Americans will get or even understand this news? Are they too busy trying to make ends meet? Or worse, are they...
New Zealand Cuts Rates, Euro Falls
Kathy Lien submits: The Euro broke 1.40 following the Reserve Bank of New Zealand interest rate decision as traders realized that the European Central Bank could cut interest rates over the next few months. Despite the hawkishness of ECB President Trichet, it should just be a matter of...
Trichet Warns of Further EU Inflation Risks
The Prudent Investor submits: ECB president Jean-Claude Trichet warned EU parliamentarians on Tuesday that inflation risks were still to the upside. In his crusade against inflation, Trichet repeated his warnings, already covered at the ECB council meeting last Thursday. In a new twist the ECB president...
Massive Opportunity to Short the Dollar
Joe Gelet submits: One way or another, the dollar is going down. Hold on to your shorts because this will be the short of the decade. Recent interventions in commodity markets, which has been a combination of short selling in the Gold market, and large institutions taking profit in...
Interactive Brokers FX Summary
Watching the markets slowly prod for answers on Monday following the federal rescue of the mortgage market twins, Fannie and Freddie, was interesting. Within a heartbeat equity investors had decided that the annihilation of those two share prices was what was needed to restore a sweeping confidence on Wall Street....
5 Market Trends To Watch This Week
Matthew Bradbard submits: Natural gas prices have advanced 60 cents in the last 4 sessions, but this is a far cry from the $7 prices that have come off in the last 2 months. Essentially prices were cut in half and we think moved down...
Do New ECB Rules Restrain Lending?
The Prudent Investor submits: Having been a little off-guard during the European Central Bank's [ECB] press conference, I have to come up with a postscript as new rules on collateral valuations were silently put on the website while ECB president Jean-Claude Trichet only talked about it at...
Tuesday Outlook: Take a Load Off Fannie
David Fry ETF Digest submits: The automakers and their unions are now in DC trying to extract loans from taxpayers to backstop their poor decisions. The line for taxpayer money is getting as long as waiting your turn at the unemployment office....
Weekly Market Outlook: Sept. 8 - 12
Matthew Bradbard submits: U.S. federal regulators seized control of Fannie Mae FNM and Freddie Mac FRE on Sunday. This was a historic intervention aimed at stabilizing the mortgage market at home and credit markets worldwide. Expect this decision will cause ripples in a variety of the markets this week,...
Dollar's Fortunes Should Boost U.S. Economy
Joseph Trevisani submits: There was little good news for the American economy in the August Non Farm Payroll report. The unemployment rate jumped 0.4% to 6.1% and 142,000 jobs slid into non existence. This brought the total United States job depletion to over 600,000 since January, eight straight months of...
The Great Dollar Pump of 2008: A Doomed Central Bank Intervention
James Conrad submits: If you are a holder of Powershares dollar bearish fund UDN, gold GLD or silver SLV, you’ve been taking a beating since late July/early August, as the dollar has powered forward, against all odds, in a bewildering climb against virtually all other currencies. In the past few...
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- Incorporated: 2005
CurrencyShares Euro is a grantor trust that issues shares in blocks of 50,000 (a ?Basket?) in exchange for deposits of euro and distributes euro in connection with the redemption of Baskets. The investment objective of Co. is for the Shares to reflect the price of euro plus accrued interest, less the expenses of Co.'s operations. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities. The Shares are bought and sold on the NYSE. The Shares are backed by the assets of Co., which does not hold or use derivative products.
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CurrencyShares Euro Trust Company Info
Contact Information
9601 Blackwell Road
Suite 500
Rockville, MD
301 296-5100
NAICS Code
Trust, Fiduciary, and Custody Activities: 523991
