Exchange traded funds (ETFs) tied to the fortunes of the euro’s movements against the dollar were down sharply Monday as investors turned their attention to Europe’s debt crisis and Greek bond yields jumped again.
The euro dropped to a 10-day low versus the greenback, Reuters reported.
Also Monday, Greek two-year yields rose to a record, Bloomberg reported.
CurrencyShares Euro Trust (NYSEArca: FXE) gained 8% year to date as of April 14, according to Morningstar. [Dollar ETF Hits Fresh Low After Jobless Claims.]
The currency fund was down nearly 2% in late-morning action Monday.
CurrencyShares Euro Trust
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.