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PowerShares DB USD Bull ETF (UUP)

- NYSEARCA
  • Sep. 22, 2011, 4:49 PM
    Near panic moves to the upside in Treasurys (TLT) and the dollar (UUP), "coupled with outright liquidations in commodity, tech, and financial related names, has me thinking something very ominous is looming," writes The Fly. The only reason he's holding onto any stocks is his expectation for an imminent announcement by policymakers to try and goose the markets.
    | 2 Comments
  • Sep. 22, 2011, 7:22 AM
    The dollar is sharply higher across the board, with the aussie and the loonie - commodity producers and highly levered to world (especially China) growth - falling the furthest, about 2.5% Both have fallen well below parity to the greenback after spending nearly the entire year above.
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  • Sep. 21, 2011, 2:42 PM
    The dollar is moving solidly higher across the board, as markets' initial take is less-than-hoped for priming from the Fed. One currency of note is the loonie, where the greenback has popped above parity to its highest level in 2011.
    | 1 Comment
  • Sep. 20, 2011, 8:45 AM
    The dollar and the euro momentarily soar against the Swiss franc as a rumor makes the rounds that the SNB is going to raise the floor on the euro/franc rate to CHF 1.25 from CHF 1.20. Earlier news that Swiss exports plunged in August make this morning a convenient time for such chatter.
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  • Sep. 14, 2011, 3:24 PM
    Previously expecting the euro to see $1.55 in coming months, Goldman's Thomas Stolper scales back - for reasons obvious to anybody who's been reading the papers - his expectations. However, his long term view of "broad dollar depreciation" remains unchanged.
    | 2 Comments
  • Sep. 6, 2011, 10:01 AM
    This isn't the SNB's first rodeo. Frustrated at years of failed attempts to halt the franc's rise in the 70s, the bank set a floor under CHF/DEM (deutsche mark) in 1978. The move worked, but at the cost of exploding inflation - which went from near nill to 6.6% over the next 3 years.
    | 2 Comments
  • Aug. 31, 2011, 9:26 AM
    The swiss franc is sharply higher vs. both the dollar and the euro even as risk is on and Switzerland announces a $1.1B stimulus package to fight the impact of "massive overvaluation." The dollar and the euro -2.1% vs the franc. FXF +2.1% premarket.
    | 1 Comment
  • Aug. 29, 2011, 10:23 AM
    Swiss franc longs continue to unwind, a combination of the Swiss getting hostile towards those who would hold its currency and the return of risk appetite. The franc is -2.1% vs. the greenback and -2.3% vs. euro. The common currency is nearly 20% higher against the swissie in 3 weeks.
    | Comment!
  • Aug. 24, 2011, 12:12 PM
    Moves by Japan today may be less an operation to weaken its currency, and more an "admission that yen strength is here to stay." In this, authorities are following the recent lead of the SNB, whose actions are designed to cap the franc's rise and make its high level more tolerable for businesses.
    | Comment!
  • Aug. 23, 2011, 11:12 AM
    "The euro is breaking down," says Alan Greenspan, who blames the sluggish U.S. economy on the uncertainty in Europe. Breaking down? If that describes the euro, than what phrase would The Maestro use regarding the dollar, which is off 13.7% Y/Y vs. the common currency.
    | 3 Comments
  • Aug. 19, 2011, 10:20 AM
    Did we miss a QE3 announcement? The dollar is getting hammered across the board, including an especially steep drop vs. the yen in the last few moments, hitting a ¥75 handle for the 1st time ever before bouncing a bit to ¥76.11. UUP -0.8%.
    | 1 Comment
  • Aug. 19, 2011, 7:15 AM
    With market volatility showing itself in equities, the currency markets are again subdued. There is little to report other than to those who expected a sustained "risk off" move to benefit the dollar vs. sterling, aussie, and loonie. The greenback is catching a bid against those units, but it's pretty marginal. UUP remains near a 52-week low.
    | Comment!
  • Aug. 18, 2011, 12:57 PM
    The move higher in the Swiss franc is played out, says Bob Noyen, whose hedge fund banked some money on out-of-the-money call options on the swissie. Expecting the ECB to resort to its own QE, he's got a new list of safe havens - the Czech koruna. the Swedish krona (FXS), as well as the commodity currencies (FXA), (FXC).
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  • Aug. 18, 2011, 10:50 AM
    The Swiss 10 year government bond yield plummets 18 basis points to 0.87%. As comparison, Japan's 10 year is at 1%. Looking at the money markets, euroswiss futures are pricing in negative 90 day rates all the way out to June 2013. It's not stopping money from continuing to flow to the franc, which has turned higher against the dollar and the euro.
    | 1 Comment
  • Aug. 18, 2011, 7:08 AM
    Not following script on this "risk-off" day is the Swiss franc, solidly lower against the euro and the dollar. So far, Swiss moves to ease the franc's value look to have more teeth than intervention cynics might have expected. Euro +0.5% and Dollar +0.9% vs. the swissie.
    | Comment!
  • Aug. 17, 2011, 8:40 AM
    "Pegs Can't Fly," is Citi's Steven Englander's response to today's moves by the Swiss to devalue their currency. "The SNB is still reluctant to intervene in the FX spot market and that investors expecting such measures ... could be disappointed." While the Swiss may have halted the franc's rise, actually weakening the currency is a different story.
    | Comment!
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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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