Invesco CurrencyShares Euro Trust: Time To Get Long The Euro

Invesco CurrencyShares Euro Trust earns a Buy rating with a $110 price target, reflecting a constructive outlook on EUR/USD. I expect US inflation to cool and the Fed to pause hikes, narrowing the interest rate differential and supporting FXE upside. FXE offers direct EUR/USD exposure, uncorrelated to equities, with a straightforward structure and a 0.40% expense ratio.