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PowerShares DB USD Bear ETF (UDN)

  • 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 | Comment!
  • 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
UDN vs. ETF Alternatives
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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