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What’s MM’s current view on the Euro (ULE US)?

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What’s MM’s current view on the Euro (ULE US)?

Dear James, ULE US has dropped well below our buying price. Is it worth topping up or buying now if one doesn't own it?

Answer

Hi Nick,

The geopolitical issues have made this a questionable position at this point in time and we have it on close watch, I would be inclined to wait for a clear downturn in the $US, or reversal higher in the Euro – note when / if it does occur the Pound is currently looking better value than the Euro.

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ProShares Ultra Euro ETF (ULE US)
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