Euro/Dollar Trade Pushes Below Key Level at $1.25 as ECB Cuts Rates
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The euro is getting whacked Thursday morning after the European Central Bank reduced its deposit rate to zero and its main interest rate to 0.75 percent. After closing at $1.2514 US dollars on Tuesday afternoon, one euro is now trading around $1.2414 US dollars.
The CurrencyShares Euro Trust (NYSE: FXE) is down nearly 2 percent to $123.21 in pre-open action Thursday.
The CurrencyShares Euro Trust (NYSE: FXE) is down nearly 2 percent to $123.21 in pre-open action Thursday.
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