“But analysts said the single currency could get a brief lift if Trichet quashes the possibility of rate cuts later in the year, which are priced into money markets, though concerns about a worsening Eurozone debt crisis will keep investors inclined to sell the currency on dips,” the news service said.
The euro ETF is hovering right around its 200-day moving average.
CurrencyShares Euro Trust
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
