The CurrencyShares Euro Trust (FXE) is up $2.50 to $139.81 after the euro jumped more than 1 penny after the Fed’s rate cut announcement. Options activity in the FXE is picking up as some investors use the ETF as a tool for playing the euro strength. 2,600 FXE calls have traded. The euro is at a two-month high of 1.39577 on the dollar. The yen rallied to 89.29 and the British pound to 1.545
Category: All ETFs
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.