About FXE
The Invesco CurrencyShares Euro Trust ETF (FXE) is an exchange-traded fund incorporated in the USA, designed to track the price of the euro against the US dollar. The fund is rebalanced quarterly.
Introduction
In the past few weeks, growing concerns over COVID-19 have increased demand for safe assets such as the US dollar and US Treasuries. The euro, which started to show some positive momentum in the second half of 2019, benefiting from the global risk-on environment following the aggressive response from central banks in the first 6 months of 2019,