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
El Rhazi Otmane ETF. An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.
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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