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DBV

PowerShares DB G10 Currency Harvest ETF

5/23/2013, 8:49 AM ET

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Thursday, May 9, 4:53 AM RBC is bullish on the U.S. dollar: "Longer term, we still expect to see USD grind higher almost by default when other currencies remain under cyclical pressure. We think the U.S. is further ahead in the economic cycle compared to the euro area, UK and Japan, and over a long enough horizon, the prospect of Fed exit will drive that through to the currency." (ETFs: DBV, UUP, UDN, UUPT, UDNT) Comment! [U.S. Economy]
Thursday, April 11, 5:25 PM As expected, the IMF has cut its 2013 GDP growth outlook for the U.S. to 1.7% from 2%. The dollar and euro are called moderately overvalued, and the yuan moderately undervalued. Thanks to Shinzo Abe's efforts, Japan's GDP is now expected to grow 1.5% in 2013, up from a prior 1.2%. 4 Comments [U.S. Economy, Global & FX]
Monday, April 8, 4:25 AM The amount of dollar cash in circulation has jumped 42% in the past five years, with the proportion held abroad climbing from 56% to nearly 66%. The eurozone crisis has boosted demand since 2010, a trend that could strengthen following the raid on Cypriot bank deposits. 3 Comments [Global & FX, U.S. Economy]
Monday, March 11, 7:15 PM The U.S. energy boom will prove bullish for the dollar, helping make U.S. assets more attractive and increasing GDP growth, BAML's David Woo says: “Going forward, it will be the euro zone rather than the U.S. that will have to bear the brunt of the cost of the growing Chinese and Indian consumers and their appetite for energy." 2 Comments [Energy, Commodities]
Wednesday, December 5, 2012, 5:56 PM How fracking could save the dollar, according to RBC Capital: As the U.S. eventually becomes a net energy exporter, the U.S. trade deficit will shrink and convert the current account deficit into a surplus - inevitably providing long-term support for the dollar. As expectations of America's biggest foreign creditors are adjusted, the market may rethink the dollar’s trajectory sooner rather than later. 1 Comment [Energy, Commodities]
Monday, August 13, 2012, 7:59 AM SA author Christian Magoon reckons Mitt Romney's choice of uber-conservative Paul Ryan as his VP running mate will "beat up the dollar" in the short term and so help gold prices to rally. That's because the choice will prompt "a national debate in the Fall highlighting the poor fiscal state of the United States." 10 Comments [U.S. Economy, Commodities]
Wednesday, July 18, 2012, 6:16 AM The WSJ and DJ FX Trader launch the WSJ Dollar Index. Named the BUXX, it differs from other dollar indexes by being reweighted over time to adjust for changes in the trading volume of the currencies in it. Among those it goes up against is the Dow Jones FXCM Dollar Index, in which WSJ publisher Dow Jones owns 2.6%. 1 Comment [Global & FX, U.S. Economy]
Tuesday, January 24, 2012, 1:21 PM While the euro's slide vs. the dollar has tailed off of late, Nomura's Jens Nordvig reckons that the single currency will soon resume its fall. This is because as investors continue to cut their exposure to the eurozone, they'll take their money out of the region and put much of it in the U.S. Comment! [Global & FX, Quick Ideas]
Tuesday, December 20, 2011, 5:05 AM Japan should consider holding Chinese government bonds as a way to strengthen ties between the two countries, says Japanese finmin Jun Azumi, marking the first clear indication that Japan intends to shift part of its foreign reserves into yuan-denominated Chinese debt. At the moment, Japan's $1.3T reserves are mainly denominated in dollars, with a small euro portion. Comment! [Global & FX]
Thursday, November 17, 2011, 5:18 AM With China laying the groundwork for internationalization of the yuan, the renminbi could "mount a challenge" to the dollar in 5-10 years, a Congressional report says. The yuan still has much catching up to do, though, as it accounts for 0.3% of international currency trading while the dollar is involved with 85%. Comment! [Global & FX]
Wednesday, July 13, 2011, 6:27 PM Investors should look to South America for the next big payoff on carry trades, says Siobhan Morden at RBS Securities. She bucks conventional wisdom by suggesting trades that short Brazil, and go long underrated countries like Chile, Peru, Columbia and Uruguay. 2 Comments [Global & FX, Quick Ideas]
Wednesday, June 22, 2011, 8:08 AM The FOMC is due to wrap up a two-day meeting today, when it is likely to keep rates at 0-0.25% and confirm it will end its $600B bond buying scheme at the end of June. The key words in its statement will be 'extended period,' signalling the Fed has no plans to raise rates any time soon. Comment! [U.S. Economy]
Saturday, April 30, 2011, 8:15 AM Tim Geithner and Treasury may not be intentionally holding down the dollar, but that doesn't mean it's poised for any kind of rally. There are still ways to profit from the incredible shrinking greenback, including large-cap heavy exporters, international bonds, gold (of course), and some - not all - foreign currencies. 2 Comments [U.S. Economy, Quick Ideas, Global & FX, Commodities]
Wednesday, March 16, 2011, 4:54 PM "Demographics, if nothing else, dictate that" the dollar will lose its dominance, says Barry Eichengreen in a Q&A on the future of currencies. "It will make no sense for the dollar to be the only true global currency in a world where the U.S. accounts for 15% or 20% at most of real economic activity." (previously) 5 Comments [Global & FX]