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Invesco DB US Dollar Index Bearish Fund
UDNFinancial ServicesAMEXUS
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As risk appetite returns, the greenback is losing its safe-haven shine. Let's take a look at ETFs that could benefit from a weakening USD.
I rate the Invesco DB U.S. Dollar Index Bearish Fund (UDN) a buy, anticipating continued downside in the dollar index. Despite a recent rally to 100.64, the dollar index remains in a long-term bearish trend driven by rising U.S. debt, de-dollarization, and political division. Geopolitical turmoil temporarily supports the dollar, but structural headwinds persist, especially the shift in central bank reserves from Treasuries to gold.
