This ETF is based on the Deutsche Bank Short US Dollar Index Futures Index.
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Since the beginning of the year, the PowerShares DB US Dollar Index Bullish exchange-traded fund has fallen 4.9%.
The best way to go long the Dollar is with PowerShares DB US Dollar Index Bullish ( UUP).
The dollar swooned 2% against the euro, with the PowerShares DB US Dollar Index Bullish (UUP) ETF down 1.6%.
PowerShares DB US Dollar Index Bullish ( UUP - news - people ) exchange-traded fund has fallen 4.9%.
The US dollar index futures were also strong on Monday, and despite the debt ceiling concerns, the dollar was favored over the euro.
The daily chart of the Powershares DB US Dollar Index Bullish Fund ( UUP) shows the breakout from a short-term double-bottom formation (line b).
Meanwhile, in the last 12 months, the US Dollar Index has lost 8% of its value against a basket of our 6 largest trading partners.
If QE3 were to happen, my take and my advice would be take the charts of gold, oil, Treasury bonds, stocks, and the US dollar index.
The PowerShares DB US Dollar Index Bullish (UUP) ETF was up 0.28% as a play on safety sent investors into the embrace of metals and the Benjamins.
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The Powershares DB US Dollar Index Bullish Fund ( UUP) is designed to track the price and yield performance of the Deutsche Bank long US dollar futures index.
The bet against the dollar is buying the PowerShares DB US Dollar Index Down ( UDN), which moves higher tracking a basket of currencies including the euro versus the dollar.
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When it comes to a discussion about a strong dollar and ETFs, the conversation will usually find its way to the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP).
Chart Analysis : This percentage-change chart tracks the percentage performance of the Spyder Trust ( SPY), Powershares DB US Dollar Index Bullish Fund ( UUP), and the SPDR Gold Trust ( GLD) since August 2011.
PowerShares Ultra DB US Dollar Bearish Index (NYSE: UDN) might allow traders to profit if the dollar continues to depreciate.
Chart Analysis : The PowerShares DB Dollar Bullish ETF ( UUP) follows the price performance of the Deutsche Bank Long US Dollar Futures Index.
In the last two months, the yen has dropped 13% against the US dollar, while Tokyo's main stock index the Nikkei 225 has risen.
According to the index, the Indian Rupee is undervalued (relative to the US dollar) by nearly 62%, and along with South Africa, is one of the two major world economies that is undervalued at over 50%.
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The yen gained against the US dollar on the news from the Cabinet Office, while Tokyo's main Nikkei 225 stock index opened 1.6% higher.
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