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PowerShares DB USD Bear ETF (UDN)

  • May. 2, 2011, 12:27 PM
    A roundup of economists' reactions to the killing of Osama bin Laden ranges from effects on the dollar and gold to an overall lowering of equity risk premiums and beyond. Ed Yardeni: "My sense is that most fully invested bears would turn into outright bulls if fiscal discipline were to make a comeback in the U.S. and if John Wayne were back in the saddle again."
  • May. 2, 2011, 11:35 AM
    A falling dollar brings handles not recently seen or never seen before vs. major currencies. The euro climbs to $1.49 for the first time since 2009, now within sight of pre-GFC levels. The aussie punches through $1.10, never even having hit $1.03 just six weeks ago.
  • Apr. 30, 2011, 8:15 AM
    Tim Geithner and Treasury may not be intentionally holding down the dollar, but that doesn't mean it's poised for any kind of rally. There are still ways to profit from the incredible shrinking greenback, including large-cap heavy exporters, international bonds, gold (of course), and some - not all - foreign currencies.
  • Apr. 29, 2011, 2:19 PM
    "Our economy is far from where we would like it to be," says Fed chief Bernanke at a conference about the challenges facing lower/moderate income communities. Gold likes what it hears, now surging 2% to $1,562/oz. The dollar plumbs fresh 30-month lows.
  • Apr. 29, 2011, 9:19 AM
    Despite the usual rhetoric about the desire for a strong currency, U.S. officials seem unconcerned with the weakening greenback. The current decline in the dollar isn't out of line with 3 of its other recent bear markets. The only problem is 2 of those 3 moves ended with major financial panics.
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  • Apr. 29, 2011, 8:33 AM
    The greenback falls to another record low vs. the swiss franc after SNB chief Hildebrand says current expansionary Swiss monetary policy poses a risk to price stability. Having waved goodbye to parity shortly after QEII began, the dollar now buys CHF0.8655. FXF +22.5% Y/Y.
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  • Apr. 28, 2011, 9:40 AM
    Gradual appreciation of Asian currencies should ease inflation pressures in the region, says Eisuke Sakakibara. Known as "Mr. Yen" back in the day for his ability to move currency markets, Sakakibara isn't convinced the U.S. will see the last of QE at the end of June. Related ETF: AYT.
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  • Apr. 27, 2011, 12:46 PM
    The key to the FOMC statement, and an all-clear signal to those who would sell greenbacks, may be that there were no dissenting votes after a number of recent comments from Charles Plosser and Richard Fisher indicated their discomfort with current monetary policy.
  • Apr. 27, 2011, 10:39 AM
    With 2 year yields near the bottom of a multi-month range and its measure of euro long sentiment at its highest level since December, Citi says investors are clearly leaning towards a dovish Fed statement. Anything other than that could see a reversal in recent price trends.
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  • Apr. 26, 2011, 10:13 AM
    FX markets yawn as Treasury Sec. Geithner defends the greenback, saying "we will never embrace a strategy to weaken the dollar ... our policy has been and will always be, as long as I will be in office, that a strong dollar is in the interest of the country."
  • Apr. 25, 2011, 10:43 AM
    Americans of a certain age may remember their parents returning from trips to Mexico with bags full of goods and tales of the low prices to be had. Canadians of 2011 feel the same way about the U.S., where the falling greenback has put a 20% off sale on items purchased in the States, according to BMO.
  • Apr. 21, 2011, 11:37 AM
    The Fed's Real Broad Trade-Weighted Dollar Index drops to 40 year lows. Chart readers have a look - either a trend line has been broken with the next stop zero, or the greenback has hit resistance and is due for a serious bounce.
  • Apr. 21, 2011, 7:40 AM
    The pummeling of the U.S. currency continues, the greenback again solidly lower against everything. Of particular note is the aussie, which hit another new record as Foreign Minister Rudd rules out intervention to check his currency's breathtaking rise.
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  • Apr. 20, 2011, 8:39 AM
    The all-green commodity sector has the aussie rocketing +1.4% to a new all-time high of $1.0601. The loonie is also higher at $1.0494, looking set to take on a multi-decade peak reached in late 2007. Premarket: FXA +1.5%, FXC +0.6%.
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  • Apr. 20, 2011, 7:52 AM
    A full-blown risk on day sends the greenback lower against nearly everything. The euro is particularly strong, whipsawing anybody who sold it on Monday as the rising probability of a Greek default became evident. Euro +1.3% at $1.4520.
  • Apr. 19, 2011, 12:47 PM
    Stephen Gallo suggests comments from PBOC Gov. Zhou Xiaochuan that Chinese reserves have exceeded a "reasonable" level may be the most important event of the week. Just possibly, authorities are losing patience with efforts to reign in liquidity and are ready to allow the yuan to revalue.
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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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