Seeking Alpha

PowerShares DB USD Bear ETF (UDN)

  • Jul. 13, 2011, 4:20 PM
    After an intervention scare yesterday evening sent the yen plummeting for a few hours, it has returned back to a ¥78 handle. In Europe, the Swiss franc is also at extreme levels vs. both the euro and the greenback. Exporters are feeling the pain and politicians the pressure. It seems only a matter of time until one or more interventions.
    | Comment!
  • Jul. 13, 2011, 3:09 PM
    SNB Vice-Chairman Jordan expresses concern about the sharp rise in the swiss franc and threatens action if necessary. "The central bank is neither powerless nor unable to act." Markets yawn, having taken the SNB to the cleaners for billions when it intervened in 2010. FXF +1.4%.
  • Jul. 13, 2011, 11:53 AM
    Goldman's Jan Hatzius' take on Bernanke's prepared testimony: "We see this as an upgrade of the seriousness of the easing discussion on the {FOMC} ... a moderate dovish surprise." Stocks and commodities are stable at higher levels. The greenback continues to dive.
    | Comment!
  • Jun. 30, 2011, 9:55 AM
    The greenback doesn't know what to make of the powerful Chicago PMI. A stronger economy is supposed to send a currency higher, but "risk on" means the dollar must fall. For now, the greenback remains somewhat lower, with the outlier being a powerful move up against the swissie. FXF -0.9%, UUP -0.2%.
    | Comment!
  • Jun. 30, 2011, 9:24 AM
    Currency intervention? The greenback explodes higher about 0.5% vs. the Swiss franc in the past few minutes. One swissie now buying $1.1936.
    | Comment!
  • Jun. 28, 2011, 11:01 AM
    Traders continue to push the Swiss franc to new records vs. the euro and the greenback, unafraid of intervention by the SNB. The central bank, under political pressure due to major losses from last year's interventions, is seen as handcuffed from stepping into markets now. FXF +0.9%.
  • Jun. 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!
  • Jun. 13, 2011, 4:21 PM
    Jack Barnes' summary of key European governments: either failed, failing, or non-existent. "Europe is a fractured nation made up of unstable state governments struggling with a mutual bail-out approach that is going to shatter the system."
  • Jun. 13, 2011, 1:38 PM
    Continuing to promote the yuan's use in trade settlement, China opens a $1B currency swap agreement with Kazakhstan. It's the latest in a number of deals with key trading partners. Two of note are with Iceland and Belarus, as China steps in assist countries with collapsed currencies.
    | Comment!
  • Jun. 13, 2011, 9:46 AM
    Cutting risk positions in the face of economic slowdown has been a losing move as policy responses to trouble have been overwhelming. This time is different, says Steve Englander, as government will and resources are whittled down. He's bearish on the "risk" currencies, particularly commodity producers: FXA, FXC.
    | Comment!
  • Jun. 10, 2011, 11:09 AM
    Markets in "risk off" mode has the greenback flying against everything not named Swiss franc or yen. Especially hard hit is the euro, threatening $1.47 three days ago, but now looking more likely to hit $1.43 first. FXE -1.1%, UUP +0.9%.
    | 1 Comment
  • Jun. 7, 2011, 9:20 AM
    "We need drastic measures," says PBOC advisor Zhou Qiren, contending China's policy of printing yuan with which to mop up excess greenbacks is fueling inflation. "We must reform ... (or) our economy will always be in turmoil."
    | Comment!
  • Jun. 3, 2011, 4:55 PM
    With China accounting for a bigger share of its iron ore revenue, Rio Tinto (RIO) considers settling its sales in yuan instead of greenbacks. "It's complex," says CEO Sam Walsh, "our financing is in dollars and trading in dollars acts as a natural hedge, but it's certainly something we will be looking at and studying."
    | 1 Comment
  • Jun. 2, 2011, 7:37 AM
    You wouldn't know it by looking at the red across world stock markets, but moves in currencies say it's "risk on" today. The euro started moving higher after yesterday's close and hasn't stopped, +1.0% at $1.4471. The aussie, loonie, and sterling are up vs. the greenback as well.
    | Comment!
  • Jun. 1, 2011, 8:58 AM
    How long until the Swiss say "uncle?" The franc continues to surge to all-time highs vs. both the euro and the greenback. Recent comments from the SNB have given the impression the bank is more concerned about inflation than whether the economy can handle the powerful currency. FXF +35% Y/Y.
  • May 31, 2011, 5:00 PM
    With many focused on Treasury market reaction to a breach of the U.S. debt ceiling, Steven Englander of Citi calls for a "sharper and probably more permanent" reaction in the FX market. "It would legitimately tax foreign investor patience and lead to further dollar dumping."
Visit Seeking Alpha's
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.
See more details on sponsor's website
Country: United States
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub