Euro exchange traded funds (ETFs) pulled back from 52-week highs Thursday after the European Central Bank raised a key interest rate as expected and ECB President Jean-Claude Trichet in a news conference wasn’t clear about whether more rate hikes are on the way.
The euro hit a 15-month high this week as traders have been bidding the currency higher on expectations the ECB would raise rates.
PowerShares DB US Dollar Bullish Fund (UUP), which rises when the dollar strengthens versus rivals, was up fractionally before Thursday’s opening bell.
CurrencyShares Euro Trust
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