Market Overview

No Truth to IMF $600B Aid Rumor

Before the close of U.S. markets today, the Nikkei News reported the G-20 was considering an International Monetary Fund (IMF) lending program for Europe in the amount of $600 billion, but that speculation has been refuted. CNBC reported the IMF denied the rumor.

Ahead of meeting of European policymakers in Brussels later this week, speculation is swirling regarding what deal can be crafted to help stem Europe's sovereign debt crisis. French leaders are optimistic, but German policymakers are reportedly downbeat.

The CurrencyShares Euro Trust (NYSE: FXE) was up slightly today as was the CurrencyShares Swiss Franc Trust (NYSE: FXF). The PowerShares DB Dollar Bullish (NYSE: UUP) closed slightly lower.

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