How far can EUR fall?

Quote from steveorca:

sorry I'm totally confused, there is EUO, FXE, shouldn't there just 1 ETF tracking EUR/USD pair?

You've raised a fairly important and controversial flaw of ETFs. Far too many ETFs are tracking the exact instrument(s) [currencies/ commodities/ equities etc]. Basically, these ETFs tend to be homogeneous in nature. Get ready for a massive domino effect...
 
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