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PowerShares DB USD Bear ETF (UDN)

  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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
  • Jul. 29, 2011, 7:16 AM
    The SNB reports a $13.5B loss in H1 as the plummeting euro/franc and dollar/franc exchange rates erodes the value of its reserves. The bank stocked up on euros and dollars in 2010 in a failed attempt to prop up them up. Full report here.
    | Jul. 29, 2011, 7:16 AM | Comment!
  • Jul. 27, 2011, 10:45 AM
    The dollar skids to a fresh all-time low vs. the Swiss franc, falling below CHF0.80 as money continues to flow to safe-havens. For perspective, at the start of this century the dollar bought about CHF1.75. FXF +0.1%.
    | Jul. 27, 2011, 10:45 AM | 2 Comments
  • Jul. 27, 2011, 8:35 AM
    "Speculators have been burnt many times before," says a bank currency trader, warning the dollar's daily record lows vs. the yuan could soon provoke a response from the PBOC (not to mention the BOJ, SNB RBA, ECB, BOC, and Brazil).
    | Jul. 27, 2011, 8:35 AM | Comment!
  • Jul. 26, 2011, 7:55 AM
    With the greenback getting hammered across the globe, conventional wisdom has the reason being worries about a U.S. default/downgrade. However dollar-based assets - equities and bonds -  are doing just fine. An alternative explanation: a Goldman report saying inflation be damned, economic weakness is about to bring more QE.
    | Jul. 26, 2011, 7:55 AM | Comment!
  • Jul. 25, 2011, 12:24 PM
    Remember Gramm-Rudman? Jim Rogers does, and he says that was supposed to end deficit spending a generation ago ... how did that work out? Calling current goings-on a political "charade," Rogers expects no more success this time around. Listen on why he's short Treasuries, but long the dollar.
    | Jul. 25, 2011, 12:24 PM | Comment!
  • Jul. 25, 2011, 6:58 AM
    U.S. stock index futures, modestly lower on worries about the debt limit debate, belie bigger action elsewhere. The greenback plummets nearly 2% to another record low vs. the Swiss franc. Gold sits at a new record of $1,618/oz.
    | Jul. 25, 2011, 6:58 AM | 1 Comment
  • Jul. 20, 2011, 12:37 PM
    Euro strength "depends entirely on your vantage point," writes Ambrose Evans-Pritchard. The currency looks decent vs. the greenback, but has crashed vs. several currencies. An epic rally is in store for the euro should an EMU breakup - with one or more of the weak states leaving - occur.
    | Jul. 20, 2011, 12:37 PM | 2 Comments
  • Jul. 20, 2011, 12:10 PM
    The U.S. will almost assuredly not miss any coupon payments on its debt, but that doesn't mean it won't default, writes Jeff Rubin. Japanese insurers suffered huge losses in the 70s, as the dollar fell 40% vs. the yen. They'd have been better off in lower-yielding JGBs. China might expect the same.
    | Jul. 20, 2011, 12:10 PM | 2 Comments
  • Jul. 14, 2011, 12:40 PM
    Like a chicken that's had its head chopped off and continues to run around before keeling over is how John Taylor sees the euro. In fact, the euro is only holding up against the greenback and the pound - 2 currencies that have their own issues. Measured against the franc, yen, aussie, loonie, gold ... the euro shows every sign of weakness.
    | Jul. 14, 2011, 12:40 PM | 3 Comments
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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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