EROTF News and Press, Barclays PLC iPath EUR/USD Exchange Rate ETN

2023-03-22 07:56:00 ET Summary The market has concluded that the Fed will hike rates today. Meanwhile, the banking crisis continues to ease, and Europe's STOXX 600 bank index is up 1.5%. The US KBW bank index rallied almost 5% yesterday. While the dollar drew support from the ...

2023-03-21 07:35:00 ET Summary The large markets in the Asia-Pacific traded higher, led by more than a 1% gain in Hong Kong and China's CSI 300. Europe's STOXX 600 is up 1.35%. If sustained, it would be the first back-to-back gain in two and a half weeks. US S&P and Dow fu...

2023-03-20 09:00:00 ET Summary The Fed's balance sheet will be getting much larger. Europe faces a serious inflation problem. Global markets did not "seize up" this week. It is commonly believed that the "Great Financial Crisis" could have been avoided had the Federa...

2023-03-20 08:05:00 ET Summary Asia-Pacific equities was a sea of red, led by a 2.65% drop in the Hang Seng and a 2.2% fall in its index of mainland shares. Japan and Australia's indices shed more than 1%. Europe's STOXX 600 is off fractionally, but the bank index is off 2.5%....

2023-03-18 10:13:00 ET Summary The market has thought it heard Fed Chair Powell endorse a 50 bp hike in testimony to Congress in early March. The FOMC meeting ending March 22, which will update the Summary of Economic Projections (dot plot), and the seeming fragility of the financ...

2023-03-17 17:11:00 ET Summary While the most prudent course of action may be to pause and digest the fallout from regional banking woes, Fed is focused on inflation and will look to hike 25bp if conditions allow. With both higher borrowing costs and reduced access to credit set t...

2023-03-17 09:00:00 ET Summary Ahead of the quadruple expiration in the US today, the equity futures are little changed but slightly firmer. The lack of forward guidance and recognition of the great uncertainty helped spur a muted market response. Given the financial developme...

2023-03-16 07:10:00 ET Summary Asia-Pacific equities continued the rout, while European stocks have stabilized, including the bank index. US equity futures are narrowly mixed. The euro posted a big outside down day, trading on both sides of Tuesday's range and closing well below T...

2023-03-16 01:24:00 ET Summary The crisis has broader macroeconomic implications and serves as a potent reminder that the banking system, asset markets, and the broader economy are all intrinsically linked via interest rates. Recession risks have increased because of the likelihoo...

2023-03-14 07:40:00 ET Summary Despite some high-profile calls to the contrary, we suspect the Fed will still hike rates by 25 bp next week to signal a separation of systemic support and the conduct of monetary policy. The dollar has come back better bid today but generally consol...