“We have recently trimmed exposure more based on extreme momentum readings than anything else,” Alliance Bernstein portfolio manager Daniel Loughney said in the article,
Nevertheless, Loughney still expects the dollar to have further to run based on prospective central bank action. For instance, the European Central Bank and Bank of Japan are enacting looser monetary policies, whereas the Federal Reserve is on course to end its bond purchasing program and hike rates next year.
PowerShares DB US Dollar Index Bearish Fund
For more information on the USD, visit our U.S. dollar category.
Max Chen contributed to this article.