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.

The Invesco CurrencyShares Euro Currency Trust (NYSEArca: FXE) slipped 0.3% Wednesday with the euro currency now trading around $1.1523. FXE has declined 1.9% over the past week and was down 4.3% year-to-date.

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.

ETF traders who are wary of the euro currency’s outlook could also capitalize on further woes through inverse or bearish euro-related ETFs. For instance, the ProShares Short Euro (NYSEArca: EUFX) is designed to provide 100% of the inverse, or opposite, return of the U.S. dollar price of the euro, on a daily basis and the ProShares UltraShort Euro (NYSEArca: EUO) provides 200% of the inverse return of the U.S. dollar price of the euro on a daily basis. The VanEck Vectors Double Short Euro ETN (NYSEArca: DRR) tracks the Double Short Euro Index, which also provides a -200% exposure to the euro. The VelocityShares Daily 4X Long USD vs. EUR (NYSEArca: DEUR) takes 4x or 400% exposure to the moves of the U.S. dollar against the euro currency.

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