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ERO
iPath EUR/USD Exchange Rate ETN

5/23/2012, 7:15 PM ET
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ERO Market Currents more »
  • Tuesday 7:50 AM European markets are at session highs, bouncing from an ugly few weeks of trade. Stoxx 50 +1.3%, led by Italy +2.6%. Germany +1%, Spain +1.1%. S&P futures turn back to green, +0.3%. Interestingly, the euro is lower by 0.5%. Could the break in correlation suggest easier monetary policy is about to come to the continent?
    1 Comment
    [Global & FX]
  • Monday 12:10 PM Asset managers unloaded euros at the fastest pace since November, says UBS, noting its clients were especially keen to sell the euro/Swiss franc cross. The CHF 1.20 level held, but the bank expects a Greek exit to "provide a stern test" for the SNB.
    1 Comment
    [Global & FX]
  • Friday 8:26 AM The ECB is playing a game of chicken - sitting on its hands to play tough with the Club Med states - but (along with the other major central banks) will "step in massively," says HSBC's David Bloom, and set off a powerful rally. Bob Janjuah agrees - "The Fed and the ECB will respond (soon) and trigger a short, sharp rally."
    5 Comments
    [Global & FX]
ETF Stats
  • Expense Ratio: 0.40%
  • Average Bid Ask Ratio: 0.44%
  • Tracking Error: 0.51%
  • Concentration Risk: 100.00%
  • Capital Gains Dist. %: 0.00%
  • Number of Securities: 1
  • Dividend Amount:
  • Dividend Date:
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ERO in Focus more »
ERO Press Releases and Filings more »
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ERO Cramer more »
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ERO Instablog posts more »
  • A CLASSIC MISUNDERSTANDING OF GOLD FROM GARTMAN, THE CORRECTION, AND SOLUTION
    Wed, May 16 • Cliff Wachtel • Comment!
  • PRIOR WEEK MARKET MOVERS: QUIET WEEK BELIES EU CRISIS SIGNALS
    Sat, Mar 31 • Cliff Wachtel • Comment!
  • PRIOR WEEK MARKET MOVERS & LESSONS: WHAT DIDN’T HAPPEN MATTERED MOST
    Sat, Mar 17 • Cliff Wachtel • Comment!
  • COMING WEEK MARKET MOVERS: LIGHT CALENDAR MEANS RESISTANCE, MONEY FLOWS KEY
    Sat, Mar 17 • Cliff Wachtel • 1 Comment
  • Coming Week Market Movers: Contagion Warnings, FOMC, Top Trends, Calendar Risks
    Sun, Mar 11 • Cliff Wachtel • 1 Comment
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ERO Description
The EUR/USD exchange rate is a foreign exchange spot rate that measures the relative values of two currencies, the euro and the U.S. dollar. When the euro appreciates relative to the U.S. dollar, the EUR/USD exchange rate (and the value of the Securities) increases; when the euro depreciates relative to the U.S. dollar, the EUR/USD exchange rate (and the value of the Securities) decreases. The EUR/USD exchange rate is expressed as a rate that reflects the number of U.S. dollars that can be exchanged for one euro in the interbank market for settlement in two days. Effective December 18, 2008 the EUR/USD exchange rate will be the rate reported each day on Bloomberg screen EURUSD WMCO Curncy <GO> at approximately 4:00 p.m., London time, or any successor page.
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