The currency fund was up 2.4% year to date as of Sept. 9, according to Morningstar, but down 5.8% for the trailing three months.
“Providing the recent breakdowns hold over the next week or so, then euro currency weakness should continue into the year end,” Coe said. “That does not bode well for the ‘risk-on’ trade.”
CurrencyShares Euro Trust
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
