|Bid||0.00 x 3000|
|Ask||0.00 x 4000|
|Day's Range||21.53 - 21.57|
|52 Week Range||21.34 - 23.27|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.76%|
After slumping last year, the Invesco DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP) is up nearly 3% year-to-date, making it one of 2018's best-performing currency exchange traded funds. Albeit modestly, UUP gave back some gains last week, but some currency market observers see near-term downside for the greenback but believe the dollar can generate more upside down the road. “Bank of America Merrill Lynch believes the dollar rally isn't broken, it's just pausing for a near-term correction,” reports CNBC.
Chart 1 This is the longest-term view of the dollar. Despite this relatively recent development, the dollar remains oversold on this multi-year basis as can be seen in chart 2. Chart 2 The dollar is oversold and likely to move up.
The US dollar depreciated against its major trading-partner currencies after the Bureau of Labor Statistics reported on May 10 that US consumer prices grew 0.1% in April after falling 0.1% in March. The core consumer price index, which excludes volatile food and energy prices, rose 0.2%, marking a 2.1% year-over-year increase. The US dollar (UUP) fell after this report, as a slower rate of inflation (TIP) growth could mean a slower pace of rate hikes. In a developed economy, higher interest rates boost the currency. On May 10, the US dollar (USDU) index closed at 92.5. It appreciated by 0. ...
The PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP) is up nearly 2% over the past week and resides above its 200-day moving average. While the greenback’s recent strength has sparked some ...
The PowerShares DB US Dollar Index Bullish Fund (NYSEARCA: UUP) surged more than 2% in April and started May off on a strong note, prompting some technical analysts to opine that more gains are ahead for ...
The U.S. dollar is looking flush in recent weeks, but more pessimistic traders who believe that the greenback's fortunes could quickly turn can look to an U.S. dollar exchange traded fund to hedge against potential summertime pullbacks. The PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP) has quickly strengthened in recent weeks, jumping 5.0% over the past three months. The U.S. dollar ETF is now trading back above its long-term, 200-day simple moving average.
The previously downtrodden PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP) jumped nearly 2% last week and is sporting a second-quarter gain of more than 3%. Some ETF traders see more upside ahead for the marquee dollar exchange traded fund. UUP tracks the Deutsche Bank Long USD Currency Portfolio Index – Excess Return Index.
The US Bureau of Labor Statistics reported on Tuesday that consumer prices in the US grew by 0.2% in February after a stellar increase of 0.5% in January. The US dollar (UUP) declined after this report, as a lower rate of inflation could limit the pace of rate hikes from the US Fed. For developed economies, higher interest rates could lead to a higher valued currency. The US dollar (UDN) managed a minor recovery after the initial slump after the inflation (VTIP) report, but the recovery was short-lived as news about President Trump firing the US Secretary of State, Rex Tillerson, hit the wires.
Even with a pop in early February, the PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP) is down 2% year-to-date and some currency market analysts and observers believe pressure will remain ...
With global stocks sliding earlier this month, the PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP) experienced a modest relief rally, welcomed news for an exchange traded fund that slumped ...
ETFdb.com analyzes the search patterns of our visitors each week. By sharing these trends with our readers, we hope to provide insights into what the financial world is concerned about and how to position your portfolio. Netflix and its outstanding fourth-quarter results took the top spot in this week’s list, while an unexpected announcement from United Continental locked in second place for the airline industry. FAANG ETFs were also of interest due to the upcoming earnings calls. Solar energy, which received a blow from the U.S. president’s plan to impose tariffs on panels, took fourth place and, lastly, the weak U.S. dollar attracted attention as it accelerated its descent. Check out our previous trends edition at Trending: NAFTA Faces Risk of Crumbling If Deal Is Not Reached.
After slumping 9.1% last year, the PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP), the exchange traded fund proxy for the U.S. Dollar Index (DXY), is off to a sour start in 2018 with a loss ...
The U.S. dollar has been in a free fall, but the greenback-related ETF regained its footing after President Donald Trump confirmed his strong dollar outlook. The PowerShares DB U.S. Dollar Index Bullish ...
2017 was a roller coaster year for the global financial markets, as equities surged, alternative assets emerged and geopolitics carried even new implications with President Trump in the White House. For investors, 2017 saw no shortage of opportunities ranging from equities to currencies and all the way up to bitcoin. Many of these trends will remain relevant in the new year, giving investors another opportunity to capitalize. Although 2017 had many lessons, the following six were the most compelling ones from a financial market perspective.
The US dollar (UUP) was being written off before the beginning of September, as the Fed was expected to stay on hold and other major central banks were expected to start…
The US dollar has been on a roller coaster ride over the last ten trading sessions. The US dollar (UUP) index hit a low of 90.99 on September 8.
Vexing currency market observers, the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP ) is down 8.4 percent year to date. That is an arguably stunning decline when considering the Federal Reserve ...
Though the dollar index moved higher from a 15-month low against the basket of major currencies following the upbeat July job data report, it is down nearly 9% in the year-to-date timeframe.
Gold generally shows a variety of movements during major events. Investors consider gold and the Japanese yen safe-haven assets during international turmoil.