A Safer Way to Play the Euro
I still believe it is tough to get overly involved in the euro. Longs and shorts are getting whipsawed from week to week. The chart is intriguing to the upside; however, a default by Greece could send the euro spiraling lower.
So rather than the euro, I'll take a look at its much calmer cousin. We're not talking Cousin Oliver here signaling that the end is near, as he did with the Brady Bunch, but the Currency Shares Swiss Franc Trust (FXF), which offers a less volatile way to play the euro. Since September, correlation between the two has been high, sometimes even pinned at 0.99, although dips do occur....274 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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