CurrencyShares Euro Trust (NYSEArca: FXE) fell 1% Wednesday morning as the currency again dipped below the $1.30 level on worries Europe’s debt crisis may spill over.

The currency ETF, which follows the euro’s movements versus the dollar, was down 2% year to date as of Dec. 27.

Speculators have been betting heavily on a pullback in the euro due to concerns over the Eurozone debt crisis. [The Contrarian: Euro ETFs]

The euro has stabilized recently following the European Central Bank’s recent funding operations to support banks, but the currency dove Wednesday in thin trading.