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Description:ProShares Ultra Euro is designed to track twice (200%) the daily performance of the Euro spot price versus the U.S. Dollar. The Fund uses the 4:00 p.m. (Eastern Time) Euro exchange rate as provided by Reuters, expressed in terms of U.S. Dollars per unit of foreign currency. The average daily turnover of the Euro in the foreign exchange market accounts for approximately 37% of global foreign exchange transactions, which makes it the second-most-traded currency in the world.
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