Fast Money Traders Speculate On Euro

On CNBC's Fast Money, Brian Kelly said that he agrees with a BNP Paribas report about EUR/RSD. BNP Paribas thinks that Europe wants a weak euro, and that it is going to $0.98. Tim Seymour commented that the BNP Paribas report is probably correct, because if EU officials want to see the euro at $0.98 it will go there. He advised viewers against a long position in EUR. Brian Kelly thinks that a weaker euro will help European growth. If you are interested in euro trade, you can take a look at CurrencyShares Euro Trust FXE. CurrencyShares Euro Trust FXE dropped 0.11% today, and closed at $123.36.