Currency swings keep traders on their toes

|By:, SA News Editor

U.K. Prime Minister Theresa May said she's not worried about the pound's recent fall to a 31-year low against the dollar, although the prospect of a hard Brexit is spooking investors and sent sterling down to $1.2685 overnight.

The euro has meanwhile strengthened against the dollar on reports that the ECB is considering tapering its QE program, but the central bank shot down the rumor, which suggested it could wind back its bond buying by around €10B a month.

ETFs: FXE, EUO, ERO, EWU, DRR, ULE, EUFX, URR, FKU, DXPS, DBUK, QGBR, HEWU

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