UEUR News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480 From 07/23/20

By Daniel Lacalle According to the International Monetary Fund ((IMF)), global fiscal support in response to the crisis will be more than $9 trillion, approximately 12 percent of world GDP. This premature, clearly rushed, probably excessive, and often misguided chain of so-called stimu...

The "European Project" was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest, step in a process that would eventually - its architects hoped - culminate in something like the United States, where a bunch of diff...

Macro News Euro: After days of negotiations, EU leaders eventually agreed on a EUR 1.8 trillion package, composed of a EUR 750 billion recovery fund and a EUR 1.07 billion seven-year budget framework for 2021-2027, sending a positive signal to the market that the euro area is leaning tow...

As the news began to spread this morning about new agreement that was reached in the European Union , the value of the euro began to rise against the US dollar. When the market closed on Monday, it took only about $1.1450 to purchase one euro. On Tuesday morning, the cost had risen to about $...

The euro continues to follow the appreciatory path implied by the recovery in real yield spreads between Germany and the U.S. Our fair value estimate suggests that EURUSD could be trading as much as 15% higher. With this in mind, we remain bullish on the Invesco CurrencyShares Euro Trust ETF (...

Overview: The optimism among investors appears to have evaporated in the face of new US-Chinese tensions, possible delays in the next US fiscal stimulus, and new record virus infections in Australia and Hong Kong. US stocks had pared early gains yesterday, and the high-flying NASDAQ finished...

By Gustavo Adler, Deputy Division Chief at IMF’s Research Department, Gita Gopinath, Economic Counsellor and Director of the Research Department at the International Monetary Fund, and Carolina Osorio Buitron, Economist in the Research Department of the IMF Faced with an unprecedent...

"We did it! We have reached a deal on the [coronavirus] recovery package and the European budget for 2021-2027," tweeted European Council President Charles Michel after nearly five days of talks in Nice, France. More news on: Invesco CurrencyShares Euro Trust ETF, ProShares UltraShort Eu...

Overview While there are signs that Europe has reached a compromise on the grant/loan issue, the spillover into the markets is quite limited. China, with Shanghai's 3.1% gain, led a few markets in the Asia-Pacific region higher, including Japan and India. Most markets were lower, and Europe'...

Negotiations over the EU's €750B coronavirus stimulus plan appears to be making some headway after three days of deadlock. More news on: Invesco CurrencyShares Euro Trust ETF, ProShares UltraShort Euro ETF, iPath EUR/USD Exchange Rate ETN, News on ETFs, Global news and forex, , ...