Pause For Concern On Chinese Currency ETN
Aggregated Source: China Stocks News and Analysis from Seeking Alpha
March 29, 2008|
Year-over year, the CurrencyShares Euro Trust (FXE) is up 19%. I once referred to the Euro as the closest thing to a "sure thing."
Since the Euro's early struggles in 2000, it has gained 85% against the U.S. dollar. The Euro actually lost significant ground in 2005, when the Fed was raising rates. Yet for the most part, the U.S. dollar struggled in the weak economic years of 2000-2003... and it has found new trouble in 2007-2008 as we fight off another recession.
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