|Bid||26.79 x 27000|
|Ask||26.80 x 27000|
|Day's Range||26.78 - 26.82|
|52 Week Range||24.64 - 28.90|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||4.17%|
|Beta (5Y Monthly)||0.38|
|Expense Ratio (net)||0.75%|
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.
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.
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.
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.
Currency ETFs are reflecting investors' uncertainty in the face of heightened volatility after China's decision to let its yuan currency break through a key level in response to an escalating trade war with the U.S. On Monday, Beijing allowed its yuan to break above the 7 per dollar level for the first time in 11 years, which many interpreted as a direct response to President Donald Trump's threat of additional tariffs, Reuters reports. China's willingness to allow its currency to offset the impact of a year-long trade spate is seen as a new step in the ongoing trade war.
Federal is highly expected to cut interest rates by a quarter point for the first time in more than a decade. A few ETFs will benefit if the Fed cuts rates as expected, while a few may be adversely impacted.
Unlike popular belief, a Fed rate cut in July or later months is less likely to undermine dollar's strength and these greenback-heavy ETFs in the coming days.