“Options are signaling that traders have started to prep for the possibility of greenback losses. The dollar’s one- and six-month risk reversals against the euro, a barometer of positioning and investor sentiment, both rose to the highest in a month in anticipation of a weaker dollar,” according to Bloomberg.

Over the past month, investors have pulled $67.7 million from UUP.

Traders considering a bearish position on the dollar can consider the PowerShares DB US Dollar Index Bearish (NYSEArca: UDN), an inverse though not leveraged bet against the greenback.

For more information on the USD, visit our U.S. dollar category.