11.03.2015 - Euro Currency ETFs Could Still Tumble Lower
The euro and related exchange traded fund have quickly depreciated as the European Central Bank enacted an aggressive quantitative easing program, and things can get worse for the Eurozone currency. The CurrencyShares Euro Currency Trust has dipped 10.4% year-to-date as the euro currency fell to a 12-year low against the U.S. dollar. The euro was hovering around $1.0711 Tuesday. Meanwhile, inverse euro-currency ETF options have surged to fresh all-time highs. Year-to-date, the ProShares Short Euro, which provides 100% of the inverse or opposite return on the U.S. dollar price of the euro, has increased 11.2%...............................................Full Article: Source
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