The euro has risen recently, likely on the back of reduced short positioning due to market expectations of further Fed easing, stemming from trade war tensions (between the U.S. and China). Easing, i.e. lower rates, could be required from the Federal Reserve's perspective if such headlines continue to heat up.
Uncertainty surrounding future world trade growth, and domestic economic growth, could send U.S. rates lower (as a precautionary measure). If the market is correct about such easing, the U.S. dollar could continue to suffer. While other major central banks such as the European Central Bank