Dollar Bears Blink as ProShares UltraShort Euro Sees Notable Outflows
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ProShares UltraShort Euro’s EUO, a leveraged ETF designed to profit from a weakening euro against the U.S. dollar, recorded net outflows of $1,426,176 on January 06, 2026. The move trimmed the fund’s assets under management to $34,670,226, with the latest redemptions representing roughly 4.1% of its AUM—a meaningful vote of reduced conviction in the bearish euro trade.
The asset at the heart of the strategy, FX:EUR-USD, is currently trading at 1.16735, up about 0.78% over the past three months. Short-term momentum is also skewed in favor of the common currency, with the pair flashing a Strong Buy technical signal on the one-day timeframe. That combination of steady medium-term appreciation and bullish near-term indicators helps explain why some investors are stepping back from leveraged short-euro exposure.
While EUO’s outflows do not yet signal a wholesale abandonment of the dollar-bull narrative, they highlight how quickly leveraged positioning can adjust as macro data and rate expectations evolve. If euro strength persists, more capital could rotate out of inverse products and into instruments that benefit from a firmer single currency, reshaping speculative flows in the FX space.
For a more detailed analysis and real-time sentiment trends, check the live currency exchange rates here.