Four Currency ETFs That Are Affected By Rate Cuts
Posted on December 03, 2008 at 10:10 AM EST
The U.S. dollar made gains against the euro as the currency lost its luster because the deteriorating market conditions and sent related exchange traded funds (ETFs) down. Investors are simply not taking any risks and European banks are considering yet another rate cut, by about 0.75% as early as Thursday, reports GCI Financial for Daily Markets. ...