CurrencyShares Euro ETF News

EUR/NZD upside risk seems to have fallen, as market liquidity remains high and sentiment has returned with vigor since Q1 2020.

Risk-on continues with stocks trading at record highs mainly driven by the momentum in the mega-cap growth stocks; S&P 500 is trading above 3,500.

US equities closed on a high note yesterday, and the S&P 500 is poised to gap higher. In Europe, consumer discretionary, information technology, and materials are posting substantial advances to lift

The Reserve Bank of Australia kept rates steady at 25 bp as widely expected. The eurozone's August inflation fell.

Markets are searching for direction at month-end. The dollar is mostly higher, though the Norwegian krone and Canadian dollar are resisting the tug.

The idea that the Federal Reserve would tolerate higher inflation to compensate for the undershoot would on its face be dollar negative.

After the Fed's formal adoption of an average inflation target, the US dollar is falling against nearly all the currencies.

Powell is the center of attention. The market will be looking for hints (confirmation) that the Fed is preparing to formally adopt an average inflation target.

The EUR/USD has been rallying in the past couple of months. However, this appears to be due to the disproportionate number of COVID-19 cases in the United States, as opposed to economic differentials.

The MSCI Asia Pacific Index had reached seven-month highs on Tuesday, but Japan, China, and Australian stocks saw modest profit-taking today.

The MSCI Asia Pacific Index is near seven-month highs and was led today by more than 1% gains in the Nikkei and Kospi.

US shares are firmer, and after setting a new record ahead of the weekend, the S&P 500 is poised to gap higher.

EUR/USD strength has been notable, but the euro has also been firm against the GBP. Following COVID-19, the EU has introduced new fiscal measures that involve significant joint bond issuance.

The second disappointing Fed manufacturing survey report and an unexpected rise in weekly jobless claims helped reverse the disappointment over the FOMC minutes.

The FOMC minutes depicted a Federal Reserve that appeared to be not quite ready to take fresh initiatives, whether it is yield curve control or changing the composition or quantities of its bond purch