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UUP: Position For A Dollar Bounce As Dovish Bets Unwind
Inflationary pressures could rise the rest of 2023, with a potential uptick in basic food and energy prices increasing headline numbers toward the existing core rate of 4.8% annually. The hardest part of the Federal Reserve's interest-rate hiking cycle may lie dead ahead, where spotty economic growth adds stress to the banking policy debate. If the Fed fails to keep a lid on inflation in the second half, foreign capital may decide to flee Wall Street and U.S. dollar-denominated assets.
Chinese authorities seem to be promoting the yuan internationally to counter the "weaponization" of the dollar by the U.S. government. In this case, you can short the greenback through the Invesco DB U.S. Dollar Index Bearish Fund.
FAQ
- What is UDN ETF?
- Does UDN pay dividends?
- What stocks are in UDN ETF?
- What is the current assets under management for UDN?
- What is UDN average volume?
- What is UDN expense ratio?
- What is UDN inception date?