PowerShares DB USD Bear ETF (UDN) - NYSEARCA
  • Aug. 18, 2011, 12:57 PM
    The move higher in the Swiss franc is played out, says Bob Noyen, whose hedge fund banked some money on out-of-the-money call options on the swissie. Expecting the ECB to resort to its own QE, he's got a new list of safe havens - the Czech koruna. the Swedish krona (FXS), as well as the commodity currencies (FXA), (FXC).
    | Aug. 18, 2011, 12:57 PM
  • Aug. 18, 2011, 10:50 AM

    The Swiss 10 year government bond yield plummets 18 basis points to 0.87%. As comparison, Japan's 10 year is at 1%. Looking at the money markets, euroswiss futures are pricing in negative 90 day rates all the way out to June 2013. It's not stopping money from continuing to flow to the franc, which has turned higher against the dollar and the euro.

    | Aug. 18, 2011, 10:50 AM | 1 Comment
  • Aug. 18, 2011, 7:08 AM
    Not following script on this "risk-off" day is the Swiss franc, solidly lower against the euro and the dollar. So far, Swiss moves to ease the franc's value look to have more teeth than intervention cynics might have expected. Euro +0.5% and Dollar +0.9% vs. the swissie.
    | Aug. 18, 2011, 7:08 AM
  • Aug. 17, 2011, 8:40 AM
    "Pegs Can't Fly," is Citi's Steven Englander's response to today's moves by the Swiss to devalue their currency. "The SNB is still reluctant to intervene in the FX spot market and that investors expecting such measures ... could be disappointed." While the Swiss may have halted the franc's rise, actually weakening the currency is a different story.
    | Aug. 17, 2011, 8:40 AM
  • Aug. 14, 2011, 8:38 PM

    The Swiss franc is again sharply lower vs. the dollar and the euro after a newspaper report the government and SNB are in "intense" talks over a currency peg. The idea of a peg is clearly working its magic by weakening the swissie over the past 3 sessions, but practical implementation of such is a different story. Franc -1.2% vs. the dollar, -1.6% vs. the euro.

    | Aug. 14, 2011, 8:38 PM | 8 Comments
  • Aug. 9, 2011, 2:49 PM

    The prints in the currency market are hard to believe, with the dollar and euro (FXE) completely capitulating vs. the Swiss franc (FXF). USD/CHF now -6% for the day at CHF 7100. EUR/CHF -5.4% at CHF 1.013.

    | Aug. 9, 2011, 2:49 PM | 1 Comment
  • Aug. 8, 2011, 10:31 AM

    This shouldn't surprise anybody at this point, but Treasurys and the dollar are both higher despite the S&P downgrade. Fed chief Bernanke has finally delivered on his promise of lower interest rates as the 10-year yield - now at 2.4% -  drops solidly below its level on the day QE2 was unveiled at Jackson Hole nearly a year ago.

    | Aug. 8, 2011, 10:31 AM | 2 Comments
  • Aug. 5, 2011, 10:42 AM
    The dollar touches a new all-time low vs. the Swiss franc - buying just CHF 0.7587 -  a bit more than 48 hours after the SNB intervention. The real target of the central bank's move - the euro - took about 36 hours to move to new lows vs. the franc. FXF +1.1%.
    | Aug. 5, 2011, 10:42 AM | 1 Comment
  • Aug. 4, 2011, 5:15 PM

    The euro hits an all-time low vs. the swiss franc of CHF 1.0756, roughly 36 hours after SNB intervention sent the common currency soaring. The greenback has also returned to roughly its pre-intervention level vs. the swissie, even as it holds on to much of its gains against the yen.

    | Aug. 4, 2011, 5:15 PM
  • Aug. 3, 2011, 9:10 AM

    "Bottom-fishing is one of the most expensive forms of speculation," once said Paul Tudor Jones. Will the SNB be successful picking/creating a bottom in the dollar (or euro) with it's move to stem the franc's strength? The bank is sitting on heavy losses from last year's attempt. FXF -0.9% premarket.

    | Aug. 3, 2011, 9:10 AM
  • Aug. 3, 2011, 9:01 AM
    Bob McKee updates his charts in wake of the debt deal, saying the U.S. debt/GDP ratio will surpass Italy in 2016 instead of 2014, while not moving past Greece until 2018. Unlike the PIIGS, the U.S. has currency devaluation as a tool, and QE3 is on the way. He remains short the dollar.
    | Aug. 3, 2011, 9:01 AM
  • Aug. 1, 2011, 1:01 PM
    With the greenback weak and sentiment overwhelmingly negative, Peter Brandt notes the chart structure of the dollar index today is nearly identical to the 2008 lows. "Tell me something bearish about the dollar today that I do not already know," says Brandt.
    | Aug. 1, 2011, 1:01 PM | 1 Comment
  • Aug. 1, 2011, 9:57 AM
    The greenback takes out its Friday (what one might thought to have been panic) low vs. the swiss franc, now buying less than CHF 0.78 for the 1st time ever. The carnage is worse for the euro, sliding even deeper into record-low territory vs. the franc, buying less than CHF 1.12. FXF +0.8%.
    | Aug. 1, 2011, 9:57 AM
  • Aug. 1, 2011, 7:29 AM
    In a sharp reversal, the greenback gives up the bulk of its overnight gains against the yen and the swiss franc, now back at all-time lows. Perhaps the focus is now returning to the struggling U.S. economy. Miller Tabak's Mike Pietronico says there is only one "fact" emerging from the debt deal - "no stimulus coming in 2012."
    | Aug. 1, 2011, 7:29 AM | 2 Comments
  • Aug. 1, 2011, 7:21 AM
    Some interesting action in European equities, which are leaking a bit of oil. Both Spain (EWP) and Italy (EWI) are 2% off of their highs, now -0.4%. Stoxx 50 (FEZ), up 1.5% earlier, now +0.5%. The U.K. (EWU) remains at its high of the day, +1.5%.
    | Aug. 1, 2011, 7:21 AM
  • Jul. 29, 2011, 8:45 AM
    A flat dollar index following the GDP report belies big action in currencies as the dollar plummets to new record lows vs. the swiss franc and (effectively) the yen. However - remember your correlations - the greenback rises sharply vs. the loonie and aussie.
    | Jul. 29, 2011, 8:45 AM | 1 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.
See more details on sponsor's website
Country: United States
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub