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PowerShares DB USD Bear ETF (UDN)

- NYSEARCA
  • Wed, Aug. 26, 8:50 AM
    • ECB Governing Council member Peter Praet earlier said the crash in commodity prices and slowdown in overseas economies put the central bank at risk of missing its inflation target on the downside. "There should be no ambiguity on the willingness and ability of the governing council to act if needed."
    • The euro (NYSEARCA:FXE) is lower by 1% to 1.1370. The dollar index (NYSEARCA:UUP) is ahead by 1%.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, FORX, USDU, EUFX, ULE, URR
    | 2 Comments
  • Fri, Aug. 21, 11:12 AM
    • The October Fed Funds futures contract is edging higher again today, and at 99.79 is just seven basis points lower than the August contract - meaning less than a one-in-three chance of a 25 basis point rate hike in September. The January contract is up to 99.675, putting the odds of a 25 point move anytime this year at just 75%.
    • One has to go all the way out to August 2016 to see 50 basis points of rate hikes priced in.
    • Alongside the reduced expectations of tighter policy, the dollar (UUP -0.8%), (UDN +0.6%) has fallen to a two-month low. For all the talk about "king dollar" this year, the greenback has been in a fairly clear downtrend since the start of the spring. It's still up about 3.5% on the year.
    • As for today's action, the biggest gainers vs. the dollar are the euro (FXE +1.1%), yen (FXY +0.9%), and swissie (FXF +0.6%).  Still losing ground are the commodity currencies - the loonie (FXC -0.7%) and aussie (FXA -0.2%).
    • ETFs: UUP, UDN, FORX, USDU
    | 12 Comments
  • Tue, Aug. 11, 4:46 AM
    • The surprise devaluation of the yuan is roiling markets across the globe as investors weigh the implications of the surprise move.
    • Exporters are dragging stocks lower, while commodities are down amid speculation the weaker currency will make imports more expensive and slow demand.
    • Although the move shook forex markets in Asia earlier, the decision is expected to add further momentum to the strong dollar, which has already been boosted this year on prospects for higher U.S. interest rates.
    • Crude futures -0.5% to $44.74/bbl; U.S. dollar index +0.4% to 97.524
    • U.S. Futures: Dow -0.3%. S&P -0.3%. Nasdaq flat.
    • Europe: London -0.5%. Paris -0.9%. Frankfurt -1.1%.
    • Asia: Nikkei -0.4%; Shanghai flat; Hang Seng -0.1%; Sensex -0.8%.
    • Previously: Weak data prompts China to devalue the yuan (Aug. 11 2015)
    • ETFs: UUP, UDN, CYB, CNY, FORX, USDU, FXCH
    | 9 Comments
  • Wed, Aug. 5, 4:13 AM
    • Global bond yields are on the rise after Atlanta Fed President Dennis Lockhart said it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September.
    • Lockhart's opinion is especially notable as he's considered a centrist on the FOMC whose views typically mirror the consensus.
    • Tracking similar movement in U.S. treasuries, German 10-year yields +3 bps to 0.66%, rebounding from a two-month low hit on Tuesday.
    • The dollar index is also getting a boost, up 0.2% to 98.23 - its highest since April 23.
    • ETFs: EU, BUNL, BUNT, GGOV, UUP, UDN, FORX, USDU
    | 10 Comments
  • Wed, Jul. 15, 11:51 AM
    • In her prepared remarks released at 8:30 ET, Fed chief Janet Yellen left little question of her intention to hike rates in 2015. Taking questions since 10 ET - with lawmakers far more concerned with regulatory, rather than monetary issues - Yellen has said nothing to negate that hawkish view (live blog here).
    • Nevertheless, the 10-year Treasury yield - which climbed to 2.43% in the wake of her prepared remarks - has dipped back down to 2.38%. The dollar (UUP +0.4%) - though still higher on the session - has given back some of its gains as well since live testimony began.
    • Perhaps helping the softness in yields is a surprise rate cut from the Bank of Canada.
    • TLT +0.6%, TBT -1.2%
    • ETFs: TBT, TLT, UUP, TMV, UDN, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, FORX, DLBS, USDU, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | 3 Comments
  • Tue, Jul. 14, 8:46 AM
    • In addition to June's big miss in retail sales, the April and May results were revised lower, calling into question either the Fed's determination to hike rates sooner rather than later, the accuracy of the report data, or both.
    • The 10-year Treasury yield is lower by six basis points to 2.39%, and the dollar is down across the board. TLT +0.4%, UUP -0.5%
    • Fed Funds futures are up slightly, thus pricing in less chance of a rate hike this year than previously (now just under 100%).
    • ETFs: TBT, TLT, UUP, TMV, UDN, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, FORX, DLBS, USDU, TLO, TENZ, LBND, DLBL, TYBS, VUSTX
    | Comment!
  • Thu, Jul. 2, 8:45 AM
    | 24 Comments
  • Mon, Jun. 29, 4:23 PM
    • Investors may think they have things figured out by buying dollars amid macro jitters, but that strategy had to be faded today. The dollar (UUP -0.6%) closed lower across the board, including a 0.3% decline vs. the euro (NYSEARCA:FXE) after having been about 1.5% higher in knee-jerk action reaction to Greece last night.
    • The dollar also lost 1.1% vs. the yen (NYSEARCA:FXY), 0.3% vs. the pound (NYSEARCA:FXB) and 0.6% vs the aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, FORX, USDU
    | 5 Comments
  • Wed, Jun. 24, 10:43 AM
    • Among the reasons is a strong rebound in GDP data for Q2, says analyst Robin Brooks, with growth for the quarter currently tracking at 3.1%. The timing of Fed rate hikes is somewhat irrelevant, says Brooks, as tighter policy is on the way, and the forex market will "front-run" the move.
    • Goldman is also sticking with its outlier of a bearish call on the euro (NYSEARCA:FXE) not just falling through parity with the greenback, but dropping all the way to $0.80. If the common currency happens to bounce on a Greek agreement, use it as an opportunity to sell more. If no deal is reached, it would call for an even faster move to and through parity.
    • ETFs: UUP, UDN, FORX, USDU
    | 3 Comments
  • Wed, Jun. 17, 2:19 PM
    | 3 Comments
  • Tue, Jun. 16, 9:08 AM
    | 4 Comments
  • Mon, Jun. 8, 10:27 AM
    • Reports (subsequently denied by the White House) the President told G-7 delegates the strong dollar "posed a problem," took a toll on the greenback earlier this morning.
      Also maybe at work are bullish traders booking some gains after the dollar's big move on Friday behind the strong employment report.
    • Following a couple of weeks of many putting off the chance of Fed rate hikes until 2016, a September boost has quickly become consensus after Friday's payroll print.
    • UUP -0.6%
    • ETFs: UUP, UDN, FORX, USDU
    | 4 Comments
  • Fri, Jun. 5, 8:47 AM
    | Comment!
  • Tue, Jun. 2, 2:12 AM
    • The dollar rose above ¥125 yen on Tuesday for the first time since late 2002 after a survey showed a pick up in construction spending and manufacturing, holding views steady that the Fed will begin to hike interest rates by the end of the year.
    • With the yen at a 12-1/2 year low, Japan's Prime Minister Shinzo Abe and central bank chief Haruhiko Kuroda met today to discuss the global economy.
    • Eyes are also on the the Nikkei share average, which could extend a rally for a 13th straight day to match its record stretch in 1988.
    • The dollar is -0.1% at ¥124.63, after touching a low of ¥125.07.
    • ETFs: UUP, FXY, YCS, UDN, JYN, FORX, USDU, YCL
    | Comment!
  • Tue, May 26, 1:44 PM
    • Europe's dealing with the usual worries about Greece and weekend election gains by the anti-austerity party in Spain may have some wondering about contagion. The Stoxx 50 ETF (NYSEARCA:FEZ) is lower by 2.9% as Monday's loss across the pond combines with Tuesday.
    • This morning, a trio of economic reports - durable goods, home prices, and new home sales - beat expectations, giving another boost the greenback.
    • The dollar's higher by 1% vs. the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), and aussie (NYSEARCA:FXA), and somewhat less vs. cable (NYSEARCA:FXB) and the Swiss franc (NYSEARCA:FXF). Buying ¥122.95, the greenback is at an 8-year high vs. the yen.
    • UUP +1.15%, UDN -1%
    • ETFs: UUP, UDN, FORX, USDU
    | 11 Comments
  • Tue, May 26, 5:56 AM
    • Following upbeat comments from the Fed and Friday's improved inflation data, the dollar rose against a basket of currencies on Tuesday, hitting an eight-year high of 122.76 against the yen.
    • But whether the U.S. currency is ready for an attack on parity with the euro in the weeks ahead will largely depend on U.S. economic data improving after a disappointing Q1. Today's durable goods orders will be among the latest U.S. health indicators.
    • U.S dollar index +0.7% to 97.15.
    • ETFs: UUP, UDN, FORX, USDU
    | Comment!
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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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