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PowerShares DB USD Bear ETF (UDN)

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  • Mar. 11, 2013, 7:15 PM
    The U.S. energy boom will prove bullish for the dollar, helping make U.S. assets more attractive and increasing GDP growth, BAML's David Woo says: “Going forward, it will be the euro zone rather than the U.S. that will have to bear the brunt of the cost of the growing Chinese and Indian consumers and their appetite for energy."
    | 2 Comments
  • Mar. 8, 2013, 8:45 AM
    SPY adds to gains following the better-than-expected NFP print, now +0.5%. The dollar pops, now +1.6% vs. the yen, +0.7% vs. the euro. UUP +0.6%. The long bond tumbles, falling a full point since the report's release. TLT -1.3%, TBT +2.9%. Homebuilders ETF: XHB +0.7%.
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  • Feb. 25, 2013, 3:40 PM
    A few too many on one side of the boat? The world's most popular short, the yen is strengthening in chunks now, with the dollar -2.5% and buying ¥91.10. More popular than long dollar/yen has been long euro/yen and that's getting pounded even harder. The twin trade to short yen has been long Japan stocks, particularly in the form of the hedged equity ETF (DXJ). It's off 3.3%.
    | 6 Comments
  • Feb. 21, 2013, 10:31 AM
    Warming up to the idea FOMC hawkishness may be getting ahead of itself, precious metals reverse course. Gold's now up $26 from the overnight low, GLD +1%. SLV +0.7%. The dollar, however, continues to strengthen, UUP +0.3%.
    | 7 Comments
  • Feb. 19, 2013, 11:19 AM
    Jim Rogers used to call G-7/G-20 meetings the equivalent of professional wrestling, but Bridgwater sugar-coats it a little bit, calling discussions there about currency wars "more of a semantic dance than a substantive matter." Change in monetary policy is the same as change in currency policy, says Bridgwater, and countries (Japan) will manage monetary policy for their own domestic purposes. (h/t fed_speak).
    | Comment!
  • Feb. 15, 2013, 8:42 AM
    "Consistent with the G-7 statement," the U.S. is using domestic policy tools to advance domestic objectives, says Bernanke, speaking at the G-20. A strengthening U.S. economy will be good for the world economy. The dollar (UUP) continues moving higher. (G-20 earlier)
    | 1 Comment
  • Feb. 12, 2013, 7:07 PM
    Pimco has rolled out its Foreign Currency Strategy ETF FORX, which is a portfolio of currencies and local currency bonds actively managed to help investors diversify out of the dollar and preserve their purchasing power. Competitors: UDN, UDNT, ICI, CEW
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  • Feb. 11, 2013, 8:59 AM
    About a year after shaking up the ETF world with the launch of the Total Return ETF (BOND), Pimco is set to debut this week the Foreign Currency Strategy fund (FORX). For those interested in benefiting from dollar devaluation, the fund will invest in the currencies and fixed-income paper of non-U.S. countries.
    | 1 Comment
  • Feb. 7, 2013, 9:30 AM
    Dealing a blow to precious metals, the Chicago Fed's Charles Evans - as dovish as they come - tells CNBC QE could end before unemployment sinks to 7%. As for the 6.5% unemployment rate that might trigger rate hikes, Evans doesn't see that happening until mid-2015. GLD -0.7%, SLV -1.5% premarket. The dollar gets a bid as well, UUP +0.4% premarket.
    | 21 Comments
  • Jan. 17, 2013, 8:55 AM
    More on jobless claims: At 335K, it's the lowest read since January 2008. The 4-week moving average declines 6.75K to 359.2K. A Marketwatch report say seasonal quirks could be behind the big decline, without giving any detail. The news combines with the big housing starts print to send S&P futures +0.6%, 10-year Treasury yields to 1.87%, gold -0.6%, and the dollar higher across the board.
    | 32 Comments
  • Jan. 3, 2013, 2:40 PM
    ISI Group isn't buying it, telling clients to fade any market moves predicated on a more hawkish Fed, even if we get a strong employment report on Friday. The hawkish remarks are from the same meeting where it was decided to add $45B/month in QE!
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  • Jan. 3, 2013, 2:16 PM
    More on FOMC Minutes: Treasurys tumble (TLT -1.1%) and the dollar strengthens (UUP +0.7%) after the surprisingly hawkish report in which it's made clear it's not just Jeff Lacker who has an issue with QE. Gold sells off as well, GLD -1.1%. Stocks give up just a little ground.
    | 4 Comments
  • Dec. 5, 2012, 5:56 PM
    How fracking could save the dollar, according to RBC Capital: As the U.S. eventually becomes a net energy exporter, the U.S. trade deficit will shrink and convert the current account deficit into a surplus - inevitably providing long-term support for the dollar. As expectations of America's biggest foreign creditors are adjusted, the market may rethink the dollar’s trajectory sooner rather than later.
    | 1 Comment
  • Dec. 4, 2012, 3:17 PM
    The best way to judge the dollar's value, says Scott Grannis, is trade-weighted and inflation-adjusted, and by that standard the greenback is at about its lowest level in modern history. The good news for dollar bulls, he says, is it may be hard for things to get much worse. The bad news - that the dollar is so weak against the currencies of dismal economies like the EU, U.K., and Japan.
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  • Nov. 16, 2012, 7:19 AM
    Inhabiting some sort of alternative universe, Citigroup's usually-incisive Steven Englander suggests recent dollar strength - the greenback is up 2.5% since the QE∞ announcement - is a sign the Fed will end its easy money policies before the currently-stated mid-2015 date. More likely: Risk off means dollar strength.
    | Comment!
  • Nov. 14, 2012, 7:43 AM
    With the world focused on the maybe irrelevant fiscal cliff, Kevin Ferry notes a ratcheting up in the currency wars. After nearly 2 decades, the BOJ seems to be getting serious with its QE efforts, and the BOE just became even more of an arm of fiscal policy. If the Fed had tried this, the howls would be deafening. The dollar +1% vs. the yen, buying ¥80.13.
    | 2 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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