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PowerShares DB USD Bull ETF (UUP)

- NYSEARCA
  • 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."
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  • 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.
    | 4 Comments
  • 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."
    | 2 Comments
  • May. 27, 2011, 12:00 PM
    The euro is back at its highs of the day despite the fissure occurring in Greece, where opposition leader Samaras says his party will not be blackmailed into accepting deeper austerity. Consensus is nice, but the euro looks to be taking heart from the ruling Socialist's apparent plan to pass the cuts on their own. FXE +1.1%.
    | 3 Comments
  • May. 27, 2011, 11:21 AM
    The dollar is down solidly across the board, particularly vs. the Swiss franc, where the greenback has fallen to a new all-time low. Chatter is on the rise that rate hikes could begin in Switzerland as soon as June. FXF +1.5%, UUP -0.8%.
    | Comment!
  • May. 23, 2011, 2:55 PM
    It's RORO (risk-on-risk-off), not fundamentals, that dominates currency markets and makes them trade "through the looking glass," aruges HSBC's David Bloom. Analyzed in this fashion, the lifting of the U.S. debt ceiling - averting a crisis and thus being good news - should lead to a sell-off in the greenback.
    | Comment!
  • May. 18, 2011, 4:38 PM
    Goldman's Thomas Stolper renews his call for dollar weakness, raising his estimate for the euro to $1.55 within a year. Until manufacturing picks up and the trade deficit comes more into balance, the path for the greenback will be lower. The main risk to his forecast: "asset weakness," i.e. the "risk off" trade would give the dollar a powerful bid.
    | 5 Comments
  • May. 18, 2011, 2:40 PM
    The dollar catches a bid in the wake of marginally hawkish Fed minutes. As has been the recent case, the euro is most volatile, sinking 60 pips in minutes, now -0.2% at $1.422.
    | 1 Comment
  • May. 17, 2011, 4:30 PM
    Seeking alpha can get difficult as correlations move towards 1. The direction of currencies, especially during U.S. trading hours, seems to be hostage to each tick in the S&P. The euro and the aussie provide nice examples in today's action, with the aussie correlation especially strong over the longer term.
    | 5 Comments
  • May. 17, 2011, 9:16 AM
    Sterling gives up sharp gains following stronger than expected U.K inflation. Two reasons: First, the report is not likely to bring about tighter policy from the BoE, which is dug in on the transitory nature of higher prices. Second, a mild "risk on" day has morphed into a mild "risk off" day, bearish for currencies.
    | Comment!
  • May. 16, 2011, 11:16 AM
    The "risk on" move that began around the time the East Coast woke up brings notable reversals in the currency market. The euro makes a particularly impressive move, gaining nearly 200 pips from its jittery opening in the wake of the DSK news. Somebody actually sold euros because of this? FXE +0.9%, UUP -0.6%.
    | 2 Comments
  • May. 13, 2011, 12:01 PM
    After a euphoric pop following stronger than expected EU GDP figures, it's been a one way trip lower for the euro. No particular news - commodities are selling off, the greenback is strong, shares are going down - it's all correlated, but who leads who? FXE -0.7%, UUP +0.6%.
    | 1 Comment
  • May. 13, 2011, 11:49 AM
    Unable to bear uninformed chatter about the dollar moving commodities or vice versa (and by extension stock prices), John Forman takes the time to run some regression analysis. Not too surprisingly, he finds neither asset leading the other, but both trading off the same drivers and moving together.
    | Comment!
UUP vs. ETF Alternatives
UUP Description
The PowerShares DB US Dollar Bullish Fund (Symbol: UUP) is based on the Deutsche Bank Long US Dollar Index (USDX®) Futures Index™ (DB Long USD Futures Index). The Index, which is managed by DB Commodity Services LLC, is a rules-based index composed solely of long USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being long 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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Country: United States
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