A surging dollar lifted the largest ETF long the greenback Tuesday to its highest level in more than a month. And it served up another lesson on hedging international bets in the current climate. As the euro tumbled to a one-month low, PowerShares DB U.S. Dollar Bullish (UUP) gapped up roughly 1% on the stock market today. UUP, with $1.34 billion in assets, also retook its 50-day moving average line. The 50-day line is a key measure of technical
Tuesday 26 May 2015
Europe, Japan, Gold ETFs Tripped Up By Dollar Rally
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
A surging dollar lifted the largest ETF long the greenback Tuesday to its highest level in more than a month. And it served up another lesson on hedging international bets in the current climate. As the euro tumbled to a one-month low, PowerShares DB U.S. Dollar Bullish (UUP) gapped up roughly 1% on the stock market today. UUP, with $1.34 billion in assets, also retook its 50-day moving average line. The 50-day line is a key measure of technical
A surging dollar lifted the largest ETF long the greenback Tuesday to its highest level in more than a month. And it served up another lesson on hedging international bets in the current climate. As the euro tumbled to a one-month low, PowerShares DB U.S. Dollar Bullish (UUP) gapped up roughly 1% on the stock market today. UUP, with $1.34 billion in assets, also retook its 50-day moving average line. The 50-day line is a key measure of technical
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