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PowerShares DB USD Bear ETF

5/21/2013, 9:18 PM ET

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Friday, February 4, 2011, 9:45 AM After what looks like a case of fat finger or the currency version of a flash crash at the time of the NFP release, the euro sinks to its lows of the day vs. the dollar as traders focus on the positive news in the report and dovish comments out of Europe. Euro -0.3% at $1.359. 1 Comment [Global & FX]
Tuesday, February 1, 2011, 9:48 AM Hedgeye's Chart of the Day shows a small bump courtesy of Egypt, but the dollar continuing its steep downtrend of the last 3 weeks. Still, there's little love for the dollar bear ETF (UDN), which does a small fraction of the volume of the dollar bull ETF (UUP). Comment! [Global & FX]
Monday, January 31, 2011, 4:52 PM "Product of the past?" Maybe so, but America's tendency to spend beyond its income is 2nd only to China's addiction to dollars. Chinese leaders value stability and control over everything, and the regime in which it scoops up dollars with freshly minted yuan supplies just that. Don't expect a change soon. Comment! [Global & FX]
Monday, January 24, 2011, 3:45 PM Has Ben Bernanke broken the PBOC the way George Soros broke the BoE? James Rickards makes the case that the FOMC chair's money printing operation has forced China to either revalue its currency or face civil unrest over spiraling prices. 12 Comments [Global & FX]
Monday, January 24, 2011, 8:54 AM "Who could think we could replace the dollar," says French President Sarkozy, who claims his call for world monetary reform does not challenge the dollar's reserve currency status. Hoping to get a piece of the $4T/day of currency trades, Sarkozy throws his weight behind a global transaction tax. Comment! [Global & FX]
Thursday, January 13, 2011, 8:51 AM The Swiss franc falls sharply against the dollar and the euro after SNB VP Jordan mentions "extraordinary challenges" faced by exporters due to the currency's gains. The SNB took major losses last year intervening to stem the swissie's rise before giving up in June. Euro buys CHF 1.2805. 1 Comment [Global & FX]
Wednesday, January 12, 2011, 1:08 PM China and Japan should reform their own economies to support more balanced growth, rather than providing another band-aid to a failing system. A good first step would be for China to break inflation and raise the purchasing power off its 1.3B people by revaluing the yuan. 1 Comment [Global & FX]
Wednesday, January 12, 2011, 8:39 AM A call for higher rates by a PBOC adviser is met with with disagreement by a PBOC member who says the focus must be on eliminating the trade surplus, as higher rates only encourage more capital to flow into the country. So far, the 2nd argument looks stronger. Comment! [Global & FX]
Tuesday, January 11, 2011, 4:03 PM The latest in a series of moves loosening currency controls, state-owned Bank of China (BACHY.PK) begins allowing trading of the yuan to its US customers. "We're preparing for the day when renminbi becomes fully convertible," says Li Xiaojing, manager of the bank's New York branch. Comment! [Global & FX]
Tuesday, January 11, 2011, 8:34 AM The renminbi continues to march forward as Hong Kong takes steps to allow companies to issue yuan-denominated stock. This will provide another investment outlet for Hong Kong banks, currently awash in yuan deposits. A yuan futures exchange is also on the drawing board. Comment! [Global & FX]
Monday, January 10, 2011, 5:25 PM French President Sarkozy, in DC for a White House visit, has slightly nicer things to say about the dollar, calling it the world's "number one currency," adding he remains interested in "new ideas," an allusion to comments made last week. 2 Comments [Global & FX]
Monday, January 10, 2011, 1:18 PM Top forex forecasters are coming together on one point: 2011 will be the dollar's year, as QE2 nets out more positive for the economy than it is devaluing to the currency. Wells Fargo's head strategist expects the greenback to gain 5% against the euro and 11% vs. yen. 6 Comments [Global & FX]
Monday, January 10, 2011, 1:18 PM Paying for Iranian oil with gold is one of the possibilities as India's oil companies scramble to ensure a steady supply of crude amid concerns that existing banks used for transactions violate US sanctions. India imports almost all of its oil, with 16% coming from Iran. 1 Comment [Global & FX]
Friday, January 7, 2011, 4:56 PM The euro ends the week at a 3 1/2 month low vs. the dollar and near an all-time low vs. the swisse. Another interesting 5 days lies ahead with Greece set to sell €1.5B of paper on Tuesday, followed by Portuguese, Spanish, and Italian auctions. Euro buys $1.2915 and CHF 1.2493. Comment! [Global & FX]
Friday, January 7, 2011, 9:15 AM Taking a page from Charles de Gaulle, French President Sarkozy pushes a reduced role for the dollar. "We need to assess the relevance of a system that is based on the accumulation of currency reserves in U.S. dollars." Which currency to fill the void ... the yuan. 3 Comments [Global & FX]
Wednesday, January 5, 2011, 10:02 AM The dollar rally picks up steam following the blowout ADP number and volatility (VXX), continues to migrate from stocks to currencies. The euro, swinging more than 200 pips from its high, now buys $1.3143, -1.24%. Yen -1.34%. Sterling -0.62%. Aussie -0.88%. Comment! [Global & FX]