Euro ETF Has Taken a Beating, Traders Are Betting on More Pain
August 19, 2022 at 18:29 PM EDT
The euro currency and related exchange traded funds are taking a beating as the ongoing energy crisis and heightened geopolitical risks weigh on the Eurozone’s economic outlook. The Invesco CurrencyShares Euro Currency Trust (FXE) has declined 11.9% year-to-date, with the euro currency now trading near parity against the U.S. dollar at $1.0044. On the other [...] The post Euro ETF Has Taken a Beating, Traders Are Betting on More Pain appeared first on ETF Trends .