Despite the dollar’s strength this year, several big-name Wall Street banks are predicting that strength will subside in 2019.
“Citigroup’s call for the dollar to top out next year echos those by other Wall Street investment banks including Morgan Stanley and Goldman Sachs Group Inc.,” reports Bloomberg.
On the other hand, traders who are considering a bearish position on the dollar can capitalize on the further weakness through an inverse USD strategy, the Invesco DB US Dollar Index Bearish (NYSEArca: UDN). UDN may be seen as the direct inverse play against UUP, rising 1.2% over the past month as the greenback weakened.
For more information on the USD, visit our U.S. dollar category.