“The persistent debate within the European Union really undermines the possibility of some sort of concrete progress made on increasing the bailout funds for the region and preventing contagion,” added Kathy Lien at GFT Forex in the Bloomberg report. “The move you’re seeing in the euro is a reflection of investors disappointment over lack of progress.”
CurrencyShares Euro Trust
Read the disclaimer; Tom Lydon is a board member of the funds for Rydex|SGI.