The euro has been among the worst performing developed market currencies and is down around 7% since the start of 2015. Is a rebound coming?
Despite the tiresome ongoing drama of whether Greece will default on its debt and remain a eurozone member, the euro has held up rather well during this period of semi-crisis. Over the past two months, the euro has actually climbed roughly 4.7%, an indication of its resilience.
Bull funds that use leverage like the ProShares Euro Ultra Fund (ULE) have jumped over 9% during the past two months while euro bear ETFs have slumped.