Monetary policies can provide short-term growth spurts, but they can also have long-lasting effects.

“Historically, these trends last eight years or longer and we’re only in the second or third year of dollar strength,” Deutsche Asset & Wealth Management head of ETF Strategy Dodd Kittsley told ETF Trends. [Kittsley Talks Currency Hedged ETF Lessons]

Further pressuring the euro and strengthening the U.S. dollar, the U.S. economy is looking much healthier than other developed markets – the USD quickly appreciated after the last favorable job report. Additionally, further political risk in the Eurozone could also pull on the euro as well.

CurrencyShares Euro Currency Trust

For more information on the euro currency, visit our euro category.

Max Chen contributed to this article.

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