Currency Shares Euro Trust (FXE) is down $1.12 to $139.65 and not far from session lows after a poor auction of ten-year Treasurys sent bond yields and the dollar higher. The euro is under pressure and FXE, which tracks the EU/USD currency pair X 100, is seeing a third day of increasing put volume. 6,767 contracts traded, compared to 225 calls. July 138 puts are leading the flow, with some premium buyers probably positioning for the euro to dip below 1.38.

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