Invesco DB US Dollar Index Bearish Fund (UDN)
ARCA ARCA Primary 
UDN: Take Advantage Of Dollar Weakness Into 2026
Invesco DB US Dollar Index Bearish Fund is an ETF providing for a return profile opposite of the Dollar Index. While the U.S. is expected to continue cutting rates, key basket currencies like the Euro and Japanese Yen are seeing a hawkish shift. Growing concerns over U.S. fiscal discipline, with the debt-to-GDP ratio reaching post-war highs (~122%), are beginning to erode the dollar's "safe haven" status.
The Dollar Index Remains Under Pressure: Reiterating A Buy On The UDN ETF
The U.S. Dollar Index remains in a clear bearish trend for 2025, with lower lows and resistance levels capping any rallies. Multiple factors weigh on the dollar: high U.S. debt, political division, tariffs, and global moves away from the dollar as a reserve currency. Despite some potential catalysts for a rebound, the risk-reward profile currently favors a short position in the dollar index.
UDN: The Bearish Dollar Index
The U.S. dollar index has declined over 11% in 2025, driven by de-dollarization, U.S. debt concerns, and global shifts away from the dollar. Technical and fundamental factors both point to continued downside, with next major support for the dollar index below the 90 level. The Invesco DB U.S. Dollar Index Bearish ETF (UDN) effectively tracks and benefits from the dollar's decline, rallying 13.6% year-to-date.
Investors Bearish on the Dollar Should Consider This ETF
Investors bearish on the dollar have generated attractive returns in the current environment. The bearish dollar play is currently an interesting story from a lot of angles, Kathy Kriskey, Invesco's head of alternatives product strategy for ETFs, told VettaFi.
