|Bid||0.00 x 3000|
|Ask||0.00 x 1000|
|Day's Range||26.06 - 26.16|
|52 Week Range||22.08 - 26.19|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||20.53|
|Expense Ratio (net)||0.95%|
The euro currency and related exchange traded fund has been beaten down as the U.S. dollar strengthened and the pommeling doesn't seem like it will be ending any time soon. The Invesco C urrencyShares Euro Currency Trust (FXE) declined 3.1% year-to-date and plunged 9.3% over the past year, with the euro now trading at $1.115. The euro is currently trading at around a two-year low against the U.S. dollar after confidence among German businesses and French manufacturers fell in April, the Wall Street Journal reports.
The euro currency and related ETF have been stuck in a rut as concerns over Italy's budget scuffle with the European Union and speculation of an Italian exit from the euro bloc. Dragging on euro currency sentiment, Claudio Borghi, who leads the economic policy of the ruling Lega party in Italy, cast doubt over the country's membership in the Eurozone, CNBC reported. "I am truly convinced that Italy would solve most of its problems if it had its own currency," Borghi said in a radio interview Tuesday.
A widely anticipated European summit takes place in June 2018. Discover four ETFs to trade European equities and the euro, both long and short.
Global markets are again under pressure on Thursday amid ongoing uncertainty about the future of the eurozone amid the rise of anti-establishment parties in Italy and Spain.
Given the worsening politics, investors seeking to consider a near-term short on the country and its currency could bet on any of the following ETFs.
The euro currency and related exchange traded funds retreated as a political upheaval in Italy fuels concerns that the third-largest Eurozone member could pull out from the currency bloc. The C urrencyShares Euro Currency Trust (FXE) fell 1.1% Tuesday with the euro currency now trading around $1.1542, its lowest level in six months. “There’s an existential threat hanging over the single currency if we head into more elections this summer, I don’t know how we get away from that now, given the scale of the financial implications,” Kit Juckes, chief foreign exchange strategist at Société Générale, told the Wall Street Journal.
With the U.S. dollar appreciating against foreign currencies, currency traders and international investors can ride the wave or hedge against weakness in other areas through exchange traded funds. The ...