This morning the European Central Bank (ECB) kept their benchmark interest rate unchanged at 1.25 percent. ECB President, Jean-Claude Trichet, made a statement that he never pre-committed on rates. This statement caused the U.S. Dollar Index to rally higher. Then once the weekly initial claims report was released at 8:30 am EST, the U.S. Dollar Index really surged sharply higher. This spike higher caused the Currencyshares Euro Trust (NYSE:FXE) to really drop sharply lower ahead of the opening bell at the New York Stock Exchange (NYSE). The FXE is trading lower by $1.20 to $146.53 a share. When the U.S. Dollar Index is higher the Euro will be lower.