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PowerShares DB USD Bear ETF (UDN)

  • Jun. 13, 2011, 4:21 PM
    Jack Barnes' summary of key European governments: either failed, failing, or non-existent. "Europe is a fractured nation made up of unstable state governments struggling with a mutual bail-out approach that is going to shatter the system."
    | Jun. 13, 2011, 4:21 PM | 3 Comments
  • Jun. 13, 2011, 1:38 PM
    Continuing to promote the yuan's use in trade settlement, China opens a $1B currency swap agreement with Kazakhstan. It's the latest in a number of deals with key trading partners. Two of note are with Iceland and Belarus, as China steps in assist countries with collapsed currencies.
    | Jun. 13, 2011, 1:38 PM | Comment!
  • Jun. 13, 2011, 9:46 AM
    Cutting risk positions in the face of economic slowdown has been a losing move as policy responses to trouble have been overwhelming. This time is different, says Steve Englander, as government will and resources are whittled down. He's bearish on the "risk" currencies, particularly commodity producers: FXA, FXC.
    | Jun. 13, 2011, 9:46 AM | Comment!
  • Jun. 10, 2011, 11:09 AM
    Markets in "risk off" mode has the greenback flying against everything not named Swiss franc or yen. Especially hard hit is the euro, threatening $1.47 three days ago, but now looking more likely to hit $1.43 first. FXE -1.1%, UUP +0.9%.
    | Jun. 10, 2011, 11:09 AM | 1 Comment
  • Jun. 7, 2011, 9:20 AM
    "We need drastic measures," says PBOC advisor Zhou Qiren, contending China's policy of printing yuan with which to mop up excess greenbacks is fueling inflation. "We must reform ... (or) our economy will always be in turmoil."
    | Jun. 7, 2011, 9:20 AM | Comment!
  • Jun. 3, 2011, 4:55 PM
    With China accounting for a bigger share of its iron ore revenue, Rio Tinto (RIO) considers settling its sales in yuan instead of greenbacks. "It's complex," says CEO Sam Walsh, "our financing is in dollars and trading in dollars acts as a natural hedge, but it's certainly something we will be looking at and studying."
    | Jun. 3, 2011, 4:55 PM | 1 Comment
  • Jun. 2, 2011, 7:37 AM
    You wouldn't know it by looking at the red across world stock markets, but moves in currencies say it's "risk on" today. The euro started moving higher after yesterday's close and hasn't stopped, +1.0% at $1.4471. The aussie, loonie, and sterling are up vs. the greenback as well.
    | Jun. 2, 2011, 7:37 AM | Comment!
  • Jun. 1, 2011, 8:58 AM
    How long until the Swiss say "uncle?" The franc continues to surge to all-time highs vs. both the euro and the greenback. Recent comments from the SNB have given the impression the bank is more concerned about inflation than whether the economy can handle the powerful currency. FXF +35% Y/Y.
    | Jun. 1, 2011, 8:58 AM | 4 Comments
  • May 31, 2011, 5:00 PM
    With many focused on Treasury market reaction to a breach of the U.S. debt ceiling, Steven Englander of Citi calls for a "sharper and probably more permanent" reaction in the FX market. "It would legitimately tax foreign investor patience and lead to further dollar dumping."
    | May 31, 2011, 5:00 PM | 2 Comments
  • May 27, 2011, 12:00 PM
    The euro is back at its highs of the day despite the fissure occurring in Greece, where opposition leader Samaras says his party will not be blackmailed into accepting deeper austerity. Consensus is nice, but the euro looks to be taking heart from the ruling Socialist's apparent plan to pass the cuts on their own. FXE +1.1%.
    | May 27, 2011, 12:00 PM | 3 Comments
  • May 27, 2011, 11:21 AM
    The dollar is down solidly across the board, particularly vs. the Swiss franc, where the greenback has fallen to a new all-time low. Chatter is on the rise that rate hikes could begin in Switzerland as soon as June. FXF +1.5%, UUP -0.8%.
    | May 27, 2011, 11:21 AM | Comment!
  • May 23, 2011, 2:55 PM
    It's RORO (risk-on-risk-off), not fundamentals, that dominates currency markets and makes them trade "through the looking glass," aruges HSBC's David Bloom. Analyzed in this fashion, the lifting of the U.S. debt ceiling - averting a crisis and thus being good news - should lead to a sell-off in the greenback.
    | May 23, 2011, 2:55 PM | Comment!
  • May 18, 2011, 4:38 PM
    Goldman's Thomas Stolper renews his call for dollar weakness, raising his estimate for the euro to $1.55 within a year. Until manufacturing picks up and the trade deficit comes more into balance, the path for the greenback will be lower. The main risk to his forecast: "asset weakness," i.e. the "risk off" trade would give the dollar a powerful bid.
    | May 18, 2011, 4:38 PM | 5 Comments
  • May 18, 2011, 2:40 PM
    The dollar catches a bid in the wake of marginally hawkish Fed minutes. As has been the recent case, the euro is most volatile, sinking 60 pips in minutes, now -0.2% at $1.422.
    | May 18, 2011, 2:40 PM | 1 Comment
  • May 17, 2011, 4:30 PM
    Seeking alpha can get difficult as correlations move towards 1. The direction of currencies, especially during U.S. trading hours, seems to be hostage to each tick in the S&P. The euro and the aussie provide nice examples in today's action, with the aussie correlation especially strong over the longer term.
    | May 17, 2011, 4:30 PM | 5 Comments
  • May 17, 2011, 9:16 AM
    Sterling gives up sharp gains following stronger than expected U.K inflation. Two reasons: First, the report is not likely to bring about tighter policy from the BoE, which is dug in on the transitory nature of higher prices. Second, a mild "risk on" day has morphed into a mild "risk off" day, bearish for currencies.
    | May 17, 2011, 9:16 AM | Comment!
UDN Description
The PowerShares DB US Dollar Bearish Fund (Symbol: UDN) is based on the Deutsche Bank Short US Dollar Index (USDX®) Futures Index™ (DB Short USD Futures Index). The Index, which is managed by DB Commodity Services LLC, is a rules-based index composed solely of short USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being short the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. You cannot invest directly in an index. Ordinary brokerage commissions apply.
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Country: United States
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