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Is The Worst Over For Euro ETFs?

Posted on 08 May 2015

After a freefall over the past one year due to a stronger greenback, a positive momentum for the euro has started to build up in recent weeks. This is especially true, as euro has rebounded over 7% against the greenback from its 12-year low of $1.05 touched in March.
In fact, the second-most traded currency in the world saw its biggest monthly gain of 4.6% in April since September 2010, according to Bloomberg. In the ETF world, the two euro products – CurrencyShares Euro Trust and iPath EUR/USD Exchange Rate ETN – gained 4.3% and 5.5%, respectively, in the last one-month period………………………………………..Full Article: Source


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