26.43 +0.01 (0.04%)
After hours: 6:01PM EDT
|Bid||26.42 x 21500|
|Ask||26.44 x 27000|
|Day's Range||26.36 - 26.43|
|52 Week Range||24.64 - 28.90|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||2.00%|
|Beta (5Y Monthly)||0.38|
|Expense Ratio (net)||0.75%|
There is a hidden string that ties currencies to crude oil. This correlation persists for many reasons, including resource distribution, the balance of trade (BOT), and market psychology. Also, there is crude oil’s significant contribution to inflationary and deflationary pressures that intensifies these interrelationships during strongly trending periods—both to the upside and to the downside.
There is $250 trillion of debt in the world, much of it denominated in dollars and much of that held outside the US, observes Michael Murphy, editor of New World Investor.
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar, and who gains and loses.
U.S. dollar-related ETFs have been on a winning streak, with the greenback hitting a four-month high against the euro, as safe-haven demand and a more bullish outlook on the U.S. economy helped lift the ...
This article was originally published on ETFTrends.com. As a result, the dollar index (DXY) slid, but now that tensions in the Middle East have somewhat subsided for the time being, bulls are hoping that they can push the dollar past a key DXY level. “The US Dollar has extended its 2020 bullish run following last week’s ascending triangle break,” wrote James Stanley in Daily FX.
UUP tracks the price movement of the U.S. dollar against a basket of currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. Now, some currency market observers are banking on more downside for the greenback. Enter the Invesco DB US Dollar Index Bearish Fund (UDN) , UUP's bearish counterpart.
Small-cap value ETFs are riding high of late on the back of a dovish Fed, heightened trade war tensions, global growth worries, geopolitical risks, stronger dollar but a decently growing U.s. economy.
U.S. dollar-related ETFs continued to rally, with the greenback pushing toward its highest level in over two years, as global uncertainty pushed global investors to the more attractive U.S. markets. Year-to-date, the Invesco DB US Dollar Bullish (UUP) increased 5.6%, and the WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) rose 4.1%. Meanwhile, the ICE Dollar Index, which tracks the greenback against a basket of its peers, hit its highest level since mid-2017 on Tuesday.
The US dollar has been solid this year, perhaps too strong for some investors' liking as highlighted by an almost 4% year-to-date gain for the Invesco DB US Dollar Index Bullish Fund (UUP) . UUP, the largest ETF dedicated to tracking the dollar’s move against major currencies, seeks to establish long positions in ICE U.S. Dollar Index futures contracts with a view to tracking the changes, whether positive or negative, in the level of the Deutsche Bank Long USD Currency Portfolio Index — Excess ReturnTM over time, plus the excess, if any, of the sum of the fund’s Treasury Income, Money Market Income and T-Bill ETF Income over the expenses of the fund. The fund invests in futures contracts in an attempt to track its index.
India ETFs have been suffering on a host of reasons despite easy money policy. Will a fresh and fourth quarter rate of the year boost ETFs?
Gold Briefly Breaks Through $1,500, JPMorgan Says Buy JPMorgan (NYSE:JPM) is coming out as a gold bull, though a little late in the game since gold (NYSEARCA:GLD) has been rising for nearly 4 years now since bottoming at $1,045 in December of 2015. The big bank had some choice words about the US dollar (NYSEARCA:UUP) […]The post Market Morning: Gold Breaks $1,500, World Watches Yuan, Bezos Sells, Fed Chairs Unite appeared first on Market Exclusive.
As China devalued its currency as a retaliatory move against Trump's fresh tariff threats, these asset classes and ETFs could be in the spotlight.