Euro ETF Sees $5.3 Million One-Day Outflow as Investors Pull Back
Investors are pulling back from euro exposure as Invesco CurrencyShares Euro Trust's FXE recorded outflows of $5.33 million on September 17, marking a notable bout of selling pressure in euro-linked assets.
The retreat from FXE comes after a muted quarter for the currency pair, with the EUR-USD trading near 1.14696, up a modest 0.35% over the past three months.
Technicals may be reinforcing the cautious stance seen in FXE flows, as one-day Sell signals dominate for EUR-USD, hinting that near-term momentum is skewed toward dollar strength and encouraging tactical profit-taking in euro-denominated ETFs.