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What Is Holding Up The Euro? (FXE)

|Includes:CurrencyShares Euro Trust ETF (FXE)

I read an interesting comment on ForexLive.com this weekend that stated that the Euro is being propped up by EU banks shedding assets over seas at a rapid pace and bringing that capital back home.

Which begged my question - if they are shedding assets rapidly than that would imply that they are doing so a values less than stated FMV (whatever that is).

As a result then doesn't that imply that additional write downs will soon be showing up on bank balance sheets?

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: FXE