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The EUR/NZD currency pair, which expresses the value of the euro in terms of the New Zealand dollar, has mixed characteristics which owe to the market's general and perhaps changing perceptions of the euro. As noted in a recent article of mine covering EUR/AUD, the euro broke out of its pr...
The sharp drop in euro area gross domestic product ((GDP)) in the first quarter and the likelihood of a much more dramatic plunge in the second quarter are consistent with our forecast that the euro area economy will contract by around 10% this year, with risks skewed towards a larger contra...
Overview: There is a sense of indecision in the air today. There have been several developments, but investors seem mostly reluctant to extend positions. China reported a surge in exports in April and an increase in the value of reserves. Australia reported a rise in exports in March. The Ba...
Overview The late sell-off in US stocks yesterday has not prevented gains in Asia and Europe. Most of the equity markets, including the re-opening of China, gained more than 1%. Australia was a notable exception, falling about 0.4%, and Taiwan was virtually flat. European bourses opened high...
In its first estimate since lockdowns were put into place, the European Commission said the EU will contract 7.5% in 2020 as the coronavirus pandemic brings the worst economic shock since the Great Depression in the 1930s. More news on: Invesco CurrencyShares Euro Trust ETF, ProShares Ultr...
Overview: The S&P 500 recovered yesterday after dipping trading below the 20-day moving average for the first time in a month. The key area is the gap between the April 30 low (~2892.5) and the May 1 high (~2869). Oil reversed higher as well. June crude was off nearly 9% in the US mornin...
The EUR/AUD currency pair, which expresses the value of the euro in terms of the Australian dollar, has been one of the most volatile FX crosses of all lately. From a far tighter trading range of less than 600 pips through the last quarter of 2019 to March 2020, EUR/AUD suddenly exploded to th...
Germany’s top court rules that some actions taken by the country’s Bundesbank to participate in the ECB's €2.7T bond-buying program were unconstitutional, and not backed by the EU treaty. Says German government should have challenged the ECB's decisions. More news on: ...
The dollar fell against all the major currencies and most of the emerging market currencies last week. The Dollar Index fell by 1.3%, the biggest loss since the last week of March, and posted its lowest close in nearly three weeks ahead of the weekend. There seemed to be a change in the mark...
Back in February, I made the argument that the SEK/EUR is set to see downside in the months ahead. My primary reason for making this argument was that the Riksbank would be forced to do a U-turn on its prior commitment to raising rates as a result of the economic damage from COVID-19. ...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E571 Company Name:
DEUR Stock Symbol:
NYSE Market:
Citigroup Global Markets Holdings Inc. (“CGMHI”) announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the “ETNs”). Holders of the ETNs will receive a cash payment per ETN in...