Euro Rallies After Pledge By Euro Zone Leaders To Bailout Greece (ULE) - ProShares Ultra Euro (ARCA:ULE)

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The euro has rallied in trading today after the euro zone leaders pledged €30 billion in loans on the weekend to bailout debt laden Greece. The sixteen nation currency was up 1% against the US dollar to 1.3628. On Friday, the ProShares Ultra Euro (ETF) (NYSE: ULE) closed 2.26% higher at $26.64. The crisis in Greece has weighed heavily on the euro as it has seen a lot of selling pressure in the last few months. The new deal reached over the weekend should assist Greece in funding its short-term financing requirements.

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